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

JMP Securities restated their market perform rating on shares of Cherry Hill Mortgage Investment (NYSE:CHMIFree Report) in a report published on Thursday morning,Benzinga reports.

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

Get Our Latest Stock Report on Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Stock Up 0.5 %

Shares of Cherry Hill Mortgage Investment stock opened at $3.03 on Thursday. The firm has a market capitalization of $95.65 million, a P/E ratio of -1.99 and a beta of 1.38. Cherry Hill Mortgage Investment has a 52 week low of $2.50 and a 52 week high of $3.99. The company has a 50 day moving average price of $2.71 and a 200 day moving average price of $3.25.

Cherry Hill Mortgage Investment (NYSE:CHMIGet Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate 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 for the quarter. During the same period in the prior year, the firm earned $0.16 EPS. As a group, research analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 19.83%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently -39.47%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently made changes to their positions in CHMI. Wolverine Asset Management LLC acquired a new stake in Cherry Hill Mortgage Investment during the third quarter valued at $665,000. Penserra Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 49,600 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Cherry Hill Mortgage Investment by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after acquiring an additional 37,300 shares during the period. Geode Capital Management LLC increased its stake in shares of Cherry Hill Mortgage Investment by 7.6% in 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 in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its holdings 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 worth $102,000 after purchasing an additional 16,000 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.

About Cherry Hill Mortgage Investment

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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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