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

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

A number of other equities research analysts have also recently commented on the stock. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock. StockNews.com raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd.

Cherry Hill Mortgage Investment Stock Performance

Cherry Hill Mortgage Investment stock opened at $2.81 on Tuesday. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $4.10. The stock has a market cap of $88.87 million, a price-to-earnings ratio of -1.85 and a beta of 1.38. The stock’s 50 day simple moving average is $2.77 and its two-hundred day simple moving average is $3.31.

Cherry Hill Mortgage Investment (NYSE:CHMI) 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 business had revenue of $14.33 million for the quarter. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently added to or reduced their stakes in the stock. Members Trust Co purchased a new position in shares of Cherry Hill Mortgage Investment during the third quarter valued at about $47,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth about $49,000. Barclays PLC purchased a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth about $52,000. Hudson Valley Investment Advisors Inc. ADV grew its holdings in Cherry Hill Mortgage Investment by 133.3% during 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 purchasing an additional 16,000 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment in the 3rd quarter worth about $665,000. 18.49% of the stock is 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.