Cherry Hill Mortgage Investment (NYSE:CHMI) Rating Lowered to Sell at StockNews.com

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

CHMI has been the topic of several other reports. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective on the stock.

Cherry Hill Mortgage Investment Stock Up 1.1 %

Shares of NYSE CHMI traded up $0.03 during mid-day trading on Tuesday, reaching $2.78. 125,803 shares of the company were exchanged, compared to its average volume of 433,388. The stock has a market capitalization of $87.92 million, a PE ratio of -1.83 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’s 50 day moving average price is $2.74 and its 200 day moving average price is $3.28.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 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 business had revenue of $14.33 million for the quarter. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, sell-side analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Hedge funds have recently added to or reduced their stakes in the company. Forum Financial Management LP grew its stake in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock worth $1,084,000 after acquiring an additional 12,600 shares during the period. Members Trust Co purchased a new stake in Cherry Hill Mortgage Investment in the third quarter worth approximately $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment during the 3rd quarter valued at $49,000. Barclays PLC bought a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of 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 buying an additional 16,000 shares during the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

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.