Cherry Hill Mortgage Investment (NYSE:CHMI) Earns Market Perform Rating from JMP Securities

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report)'s stock had its "market perform" rating reissued by research analysts at JMP Securities in a report released on Thursday,Benzinga reports.

A number of other analysts have also issued reports on the company. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a "buy" rating and a $4.00 price target on the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th.

Cherry Hill Mortgage Investment Stock Up 1.1 %

Shares of Cherry Hill Mortgage Investment stock traded up $0.04 during trading on Thursday, hitting $3.09. 294,956 shares of the company were exchanged, compared to its average volume of 347,388. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $3.99. The firm has a 50 day moving average price of $2.71 and a 200 day moving average price of $3.25. The stock has a market capitalization of $97.55 million, a price-to-earnings ratio of -2.03 and a beta of 1.38.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The company had revenue of $14.33 million during the quarter. During the same period last year, the business posted $0.16 earnings per share. Analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at about $665,000. Penserra Capital Management LLC raised its stake 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 purchasing an additional 49,600 shares during the period. Renaissance Technologies LLC lifted 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 purchasing an additional 37,300 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $1,225,000 after purchasing an additional 23,947 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Cherry Hill Mortgage Investment by 133.3% in the third 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 purchasing an additional 16,000 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile

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.