Wall Street Zen cut shares of Cherry Hill Mortgage Investment (NYSE:CHMI – Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday.
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cherry Hill Mortgage Investment currently has an average rating of “Hold” and an average price target of $3.00.
Read Our Latest Analysis on CHMI
Cherry Hill Mortgage Investment Stock Performance
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.64 million during the quarter, compared to analysts’ expectations of $10.30 million. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. On average, sell-side analysts anticipate that Cherry Hill Mortgage Investment will post 0.57 earnings per share for the current fiscal year.
Cherry Hill Mortgage Investment Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 17.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 363.64%.
Institutional Investors Weigh In On Cherry Hill Mortgage Investment
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in Cherry Hill Mortgage Investment by 262.5% during the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 67,832 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Cherry Hill Mortgage Investment in the second quarter worth $45,000. Glenview Trust co acquired a new stake in shares of Cherry Hill Mortgage Investment in the second quarter worth $34,000. Hudson Bay Capital Management LP acquired a new stake in shares of Cherry Hill Mortgage Investment in the second quarter worth $374,000. Finally, Vident Advisory LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 58.2% during the 2nd quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 21,731 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.
Cherry Hill Mortgage Investment Company Profile
Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.
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