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 research note issued on Monday.
Several other analysts have also recently commented on CHMI. JMP Securities reaffirmed a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. B. Riley raised shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Janney Montgomery Scott initiated 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 target for the company.
View Our Latest Stock Report on CHMI
Cherry Hill Mortgage Investment Stock Performance
NYSE:CHMI traded up $0.05 during mid-day trading on Monday, reaching $3.68. The stock had a trading volume of 150,358 shares, compared to its average volume of 300,884. The firm has a market capitalization of $116.20 million, a price-to-earnings ratio of -2.42 and a beta of 1.40. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The business has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.20.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $32,000. Forum Financial Management LP lifted its position in Cherry Hill Mortgage Investment by 4.4% in the 3rd quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust's stock worth $1,084,000 after buying an additional 12,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth $49,000. Barclays PLC acquired a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV grew its stake in 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 valued at $102,000 after buying an additional 16,000 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.
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