Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Given Consensus Rating of “Hold” by Analysts

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have received a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $3.00.

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Cherry Hill Mortgage Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. B. Riley Financial lowered Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen cut Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Citizens Jmp downgraded Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Large investors have recently bought and sold shares of the business. Summit Financial LLC raised its stake in Cherry Hill Mortgage Investment by 106.1% during the fourth quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 520,291 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Cherry Hill Mortgage Investment in the 2nd quarter worth $1,104,000. Geode Capital Management LLC grew its stake in shares of Cherry Hill Mortgage Investment by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 397,276 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 15,510 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter worth about $908,000. Finally, Two Sigma Investments LP increased its holdings in shares of Cherry Hill Mortgage Investment by 92.8% in the 3rd quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 125,499 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Stock Performance

CHMI opened at $2.95 on Friday. The stock has a market capitalization of $109.00 million, a price-to-earnings ratio of 16.39 and a beta of 0.97. The company has a fifty day moving average of $2.55 and a 200 day moving average of $2.55. Cherry Hill Mortgage Investment has a fifty-two week low of $2.17 and a fifty-two week high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Cherry Hill Mortgage Investment had a net margin of 26.43% and a return on equity of 21.74%. The business had revenue of $7.88 million for the quarter, compared to analysts’ expectations of $10.75 million. On average, equities research analysts forecast that Cherry Hill Mortgage Investment will post 0.59 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.6%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 222.22%.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.