Equities research analysts at Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a "buy" rating and a $4.00 price target on the real estate investment trust's stock. Janney Montgomery Scott's price target indicates a potential upside of 52.67% from the stock's current price.
Separately, StockNews.com lowered Cherry Hill Mortgage Investment from a "hold" rating to a "sell" rating in a report on Wednesday, December 11th.
Read Our Latest Research Report on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Stock Performance
CHMI traded down $0.02 during trading on Thursday, hitting $2.62. The stock had a trading volume of 363,016 shares, compared to its average volume of 221,861. The stock has a 50 day simple moving average of $2.82 and a two-hundred day simple moving average of $3.35. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $4.11. The company has a market capitalization of $82.86 million, a PE ratio of -1.72 and a beta of 1.39.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). The business had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same period in the previous year, the business posted $0.16 EPS. On average, equities research analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.
Institutional Trading of Cherry Hill Mortgage Investment
Several institutional investors have recently modified their holdings of the stock. Members Trust Co purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at $49,000. Barclays PLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth $52,000. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Cherry Hill Mortgage Investment by 133.3% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth $665,000. Institutional investors and hedge funds own 18.49% of the company's stock.
Cherry Hill Mortgage Investment Company Profile
(
Get 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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