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

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

Several other equities analysts have also issued reports on CHMI. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. B. Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Janney Montgomery Scott assumed 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 objective on the stock.

Cherry Hill Mortgage Investment Stock Up 6.7 %

CHMI stock opened at $3.58 on Friday. The firm has a market cap of $113.06 million, a price-to-earnings ratio of -2.35 and a beta of 1.43. Cherry Hill Mortgage Investment has a 12-month low of $2.50 and a 12-month high of $3.99. The company’s fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.19.

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 (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $0.66 million for the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. Research analysts expect 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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter worth about $68,000. Northern Trust Corp increased its position in shares of Cherry Hill Mortgage Investment by 30.9% during the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 30,330 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Cherry Hill Mortgage Investment during the fourth quarter worth about $130,000. Corient Private Wealth LLC increased its position in shares of Cherry Hill Mortgage Investment by 24.4% during the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock worth $1,634,000 after acquiring an additional 121,447 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Cherry Hill Mortgage Investment by 83.0% during the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after acquiring an additional 151,989 shares in the last quarter. 18.49% of the stock is owned by 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.