Corient Private Wealth LLC raised its stake in Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Free Report) by 24.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 619,121 shares of the real estate investment trust's stock after buying an additional 121,447 shares during the period. Corient Private Wealth LLC owned about 1.96% of Cherry Hill Mortgage Investment worth $1,634,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Cherry Hill Mortgage Investment during the 4th quarter valued at approximately $32,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Cherry Hill Mortgage Investment during the third quarter worth $49,000. Barclays PLC acquired a new position in Cherry Hill Mortgage Investment in the third quarter valued at $52,000. Geode Capital Management LLC boosted its position in Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust's stock valued at $1,225,000 after acquiring an additional 23,947 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust's stock valued at $964,000 after acquiring an additional 49,600 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on CHMI shares. B. Riley upgraded Cherry Hill Mortgage Investment to a "strong-buy" rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a "buy" rating and a $4.00 price objective for the company. JMP Securities reiterated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a report on Friday, March 7th.
Check Out Our Latest Stock Report on CHMI
Cherry Hill Mortgage Investment Price Performance
Shares of NYSE:CHMI traded down $0.10 during trading on Friday, reaching $3.47. 565,796 shares of the stock were exchanged, compared to its average volume of 240,911. The stock has a fifty day moving average of $3.43 and a two-hundred day moving average of $3.19. Cherry Hill Mortgage Investment Co. has a 1-year low of $2.50 and a 1-year high of $3.99. The firm has a market cap of $109.58 million, a price-to-earnings ratio of -2.28 and a beta of 1.43.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $0.66 million for the quarter, compared to the consensus estimate of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. Sell-side analysts forecast that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 17.32%. Cherry Hill Mortgage Investment's dividend payout ratio (DPR) is currently 1,000.00%.
Insider Buying and Selling at Cherry Hill Mortgage Investment
In related news, Director Sharon L. Cook sold 13,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.64, for a total value of $47,320.00. Following the transaction, the director now directly owns 19,513 shares of the company's stock, valued at approximately $71,027.32. The trade was a 39.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.
Cherry Hill Mortgage Investment Profile
(
Free Report)
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.
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