TheStreet upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI) from a c rating to a b rating in a report published on Wednesday.
CHMI has been the subject of a number of other reports. B. Riley set a $19.00 price objective on Cherry Hill Mortgage Investment and gave the company a buy rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Cherry Hill Mortgage Investment from a strong sell rating to a hold rating in a research report on Monday, September 24th. Finally, ValuEngine upgraded Cherry Hill Mortgage Investment from a sell rating to a hold rating in a research report on Wednesday, August 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cherry Hill Mortgage Investment has a consensus rating of Buy and an average price target of $20.00.
CHMI stock traded up $0.05 during trading on Wednesday, hitting $17.96. 5,712 shares of the company traded hands, compared to its average volume of 98,514. The stock has a market cap of $283.47 million, a P/E ratio of 8.09 and a beta of 0.23. Cherry Hill Mortgage Investment has a 1 year low of $16.01 and a 1 year high of $19.20.
Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $4.70 million for the quarter, compared to analysts’ expectations of $4.48 million. Cherry Hill Mortgage Investment had a net margin of 147.31% and a return on equity of 10.42%. Research analysts anticipate that Cherry Hill Mortgage Investment will post 2.02 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Friday, September 28th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend was Thursday, September 27th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 88.29%.
Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $877,000. Acadian Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $1,073,000. First Trust Advisors LP increased its position in shares of Cherry Hill Mortgage Investment by 35.4% in the third quarter. First Trust Advisors LP now owns 21,865 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 5,713 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $444,000. Finally, United Services Automobile Association increased its position in shares of Cherry Hill Mortgage Investment by 68.5% in the second quarter. United Services Automobile Association now owns 119,326 shares of the real estate investment trust’s stock valued at $2,131,000 after buying an additional 48,500 shares in the last quarter. Institutional investors and hedge funds own 56.35% of the company’s stock.
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. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.
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