Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded to Strong-Buy at B. Riley

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. StockNews.com upgraded shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective for the company.

Cherry Hill Mortgage Investment Price Performance

Cherry Hill Mortgage Investment stock opened at $2.81 on Tuesday. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $4.10. The business’s fifty day moving average is $2.77 and its 200 day moving average is $3.31. The stock has a market capitalization of $88.87 million, a PE ratio of -1.85 and a beta of 1.38.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently bought and sold shares of CHMI. Members Trust Co purchased a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth about $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment in the 3rd quarter worth about $49,000. Barclays PLC bought a new stake in Cherry Hill Mortgage Investment in the third quarter worth about $52,000. Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of Cherry Hill Mortgage Investment by 133.3% during 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 buying an additional 16,000 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Cherry Hill Mortgage Investment during the third quarter valued at approximately $665,000. Institutional investors own 18.49% of the company’s stock.

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.