Cherry Hill Mortgage Investment (NYSE:CHMI) Raised to Hold at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other brokerages have also recently commented on CHMI. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. B. Riley upgraded 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 note on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock.

Cherry Hill Mortgage Investment Stock Up 6.7 %

Cherry Hill Mortgage Investment stock opened at $3.58 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The firm has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.19. The company has a market capitalization of $113.06 million, a P/E ratio of -2.35 and a beta of 1.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. The firm had revenue of $0.66 million during the quarter, compared to the consensus estimate of $1.50 million. Equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Institutional Trading of Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in Cherry Hill Mortgage Investment in the 4th quarter worth approximately $68,000. Northern Trust Corp lifted its stake in Cherry Hill Mortgage Investment by 30.9% in the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 30,330 shares in the last quarter. Virtu Financial LLC purchased a new stake in Cherry Hill Mortgage Investment in the 4th quarter worth approximately $130,000. Corient Private Wealth LLC lifted its stake in 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 worth $1,634,000 after purchasing an additional 121,447 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Cherry Hill Mortgage Investment by 83.0% in the 4th quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 151,989 shares in the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

About Cherry Hill Mortgage Investment

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.