Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMIGet Free Report) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.00.

Several equities research analysts recently weighed in on the company. B. Riley Financial lowered Cherry Hill Mortgage Investment to a “neutral” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, June 24th. Finally, Wall Street Zen downgraded Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st.

Get Our Latest Analysis on Cherry Hill Mortgage Investment

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in shares of Cherry Hill Mortgage Investment by 50.9% during the 4th quarter. Cetera Investment Advisers now owns 37,054 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 12,504 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Cherry Hill Mortgage Investment by 34.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 25,546 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 6,525 shares in the last quarter. Raymond James Financial Inc. raised its stake in Cherry Hill Mortgage Investment by 38,518.9% during the 3rd quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 20,415 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Cherry Hill Mortgage Investment by 27,027.0% in the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 20,000 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of Cherry Hill Mortgage Investment by 58.2% during the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 21,731 shares in the last quarter. Institutional investors own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Price Performance

NYSE CHMI traded up $0.34 during trading hours on Monday, reaching $2.75. The company’s stock had a trading volume of 4,115,882 shares, compared to its average volume of 225,197. The firm has a fifty day simple moving average of $2.34 and a 200-day simple moving average of $2.51. Cherry Hill Mortgage Investment has a 52 week low of $2.17 and a 52 week high of $3.04. The stock has a market cap of $101.07 million, a P/E ratio of 25.02 and a beta of 0.93.

Cherry Hill Mortgage Investment (NYSE:CHMIGet Free Report) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. On average, research analysts expect that Cherry Hill Mortgage Investment will post 0.57 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Cherry Hill Mortgage Investment’s payout ratio is 363.64%.

Cherry Hill Mortgage Investment Company Profile

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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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Analyst Recommendations for Cherry Hill Mortgage Investment (NYSE:CHMI)

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