Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.
A number of other equities research analysts have also issued reports on the stock. JMP Securities restated a "market perform" rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a "buy" rating and a $4.00 target price for the company. Finally, B. Riley raised Cherry Hill Mortgage Investment to a "strong-buy" rating in a research report on Tuesday, January 7th.
Get Our Latest Report on CHMI
Cherry Hill Mortgage Investment Stock Down 1.8 %
CHMI traded down $0.06 during trading on Friday, reaching $3.42. The stock had a trading volume of 523,858 shares, compared to its average volume of 234,550. Cherry Hill Mortgage Investment has a 1-year low of $2.50 and a 1-year high of $3.99. The firm has a market capitalization of $108.06 million, a price-to-earnings ratio of -2.25 and a beta of 1.43. The stock has a 50 day moving average of $3.23 and a two-hundred day moving average of $3.19.
Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last released its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The business 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%. On average, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.
Institutional Trading of Cherry Hill Mortgage Investment
A number of institutional investors and hedge funds have recently modified their holdings of CHMI. Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at $665,000. Corient Private Wealth LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 24.4% in the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust's stock valued at $1,634,000 after purchasing an additional 121,447 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust's stock worth $964,000 after purchasing an additional 49,600 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the 4th quarter worth about $130,000. Finally, Northern Trust Corp lifted its holdings in Cherry Hill Mortgage Investment by 30.9% during the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust's stock valued at $339,000 after purchasing an additional 30,330 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors.
About Cherry Hill Mortgage Investment
(
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.
Featured Articles
Before you consider Cherry Hill Mortgage Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cherry Hill Mortgage Investment wasn't on the list.
While Cherry Hill Mortgage Investment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
