B. Riley upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI - Free Report) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.
A number of other analysts have also recently weighed in on the stock. StockNews.com raised shares of Cherry Hill Mortgage Investment from a "sell" rating to a "hold" rating in a research report on Friday, January 3rd. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a "buy" rating and a $4.00 price target on the stock.
View Our Latest Stock Analysis on Cherry Hill Mortgage Investment
Cherry Hill Mortgage Investment Trading Down 1.1 %
CHMI traded down $0.03 during midday trading on Tuesday, hitting $2.76. The company's stock had a trading volume of 252,131 shares, compared to its average volume of 515,205. The firm has a 50-day moving average price of $2.77 and a two-hundred day moving average price of $3.31. Cherry Hill Mortgage Investment has a 52-week low of $2.50 and a 52-week high of $4.06. The firm has a market cap of $87.29 million, a P/E ratio of -1.82 and a beta of 1.38.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The company had revenue of $14.33 million for the quarter. During the same period in the previous year, the company earned $0.16 earnings per share. On average, equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.
Cherry Hill Mortgage Investment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 21.74%. The ex-dividend date is Tuesday, December 31st. Cherry Hill Mortgage Investment's payout ratio is -39.47%.
Institutional Trading of Cherry Hill Mortgage Investment
Several hedge funds and other institutional investors have recently bought and sold shares of CHMI. Renaissance Technologies LLC grew its position in shares of Cherry Hill Mortgage Investment by 7.9% during the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust's stock worth $1,843,000 after acquiring an additional 37,300 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cherry Hill Mortgage Investment by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust's stock valued at $1,225,000 after purchasing an additional 23,947 shares during the period. Forum Financial Management LP increased its stake in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust's stock valued at $1,084,000 after purchasing an additional 12,600 shares during the period. Penserra Capital Management LLC raised its holdings in shares of 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 buying an additional 49,600 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Cherry Hill Mortgage Investment during the third quarter worth approximately $665,000. 18.49% of the stock is owned by institutional investors.
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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