Cherry Hill Mortgage Investment Corporation (CHMI) Earns Buy Rating from B. Riley

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a research note issued on Wednesday, November 8th. They presently have a $19.50 price objective on the real estate investment trust’s stock. B. Riley’s price objective would suggest a potential upside of 6.79% from the stock’s current price.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 11th. FBR & Co restated a “buy” rating and issued a $19.50 target price on shares of Cherry Hill Mortgage Investment in a report on Tuesday, October 10th. Finally, ValuEngine upgraded Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.40.

Shares of Cherry Hill Mortgage Investment (CHMI) traded down $0.15 during trading hours on Wednesday, reaching $18.26. The company’s stock had a trading volume of 112,969 shares, compared to its average volume of 157,434. Cherry Hill Mortgage Investment has a one year low of $16.40 and a one year high of $19.43. The firm has a market capitalization of $234.20, a P/E ratio of 8.41 and a beta of 0.38.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Cherry Hill Mortgage Investment had a return on equity of 9.49% and a net margin of 136.70%. The business had revenue of $5.84 million during the quarter, compared to the consensus estimate of $5.55 million. During the same period in the prior year, the company posted $0.54 EPS. equities analysts expect that Cherry Hill Mortgage Investment will post 2.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. lifted its stake in Cherry Hill Mortgage Investment by 314.5% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 68,800 shares of the real estate investment trust’s stock worth $1,244,000 after acquiring an additional 52,200 shares in the last quarter. Allianz Asset Management GmbH raised its position in Cherry Hill Mortgage Investment by 21.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 17,620 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 3,080 shares in the last quarter. Wells Fargo & Company MN raised its position in Cherry Hill Mortgage Investment by 994.7% in the 3rd quarter. Wells Fargo & Company MN now owns 119,626 shares of the real estate investment trust’s stock valued at $2,165,000 after purchasing an additional 108,698 shares in the last quarter. ClariVest Asset Management LLC raised its position in Cherry Hill Mortgage Investment by 3.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 276,300 shares of the real estate investment trust’s stock valued at $5,001,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Cherry Hill Mortgage Investment by 253.8% in the 3rd quarter. Bessemer Group Inc. now owns 32,900 shares of the real estate investment trust’s stock valued at $595,000 after purchasing an additional 23,600 shares in the last quarter. Institutional investors and hedge funds own 62.05% of the company’s stock.

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About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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