Cherry Hill Mortgage Investment (CHMI) Lifted to “Hold” at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. “

Separately, Wedbush set a $20.00 price target on shares of Cherry Hill Mortgage Investment and gave the stock a buy rating in a research note on Tuesday, January 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $20.00.

Shares of CHMI opened at $18.84 on Tuesday. The stock has a market cap of $305.02 million, a price-to-earnings ratio of 8.49 and a beta of 0.36. Cherry Hill Mortgage Investment has a 12 month low of $16.80 and a 12 month high of $19.35.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.40%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 88.29%.

In other Cherry Hill Mortgage Investment news, President Jeffrey B. Lown bought 2,000 shares of Cherry Hill Mortgage Investment stock in a transaction dated Monday, December 31st. The shares were purchased at an average cost of $17.42 per share, for a total transaction of $34,840.00. Following the acquisition, the president now directly owns 9,350 shares in the company, valued at approximately $162,877. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of CHMI. Synovus Financial Corp bought a new position in Cherry Hill Mortgage Investment during the 4th quarter valued at about $56,000. Advisor Group Inc. grew its holdings in Cherry Hill Mortgage Investment by 675.9% during the 4th quarter. Advisor Group Inc. now owns 4,182 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 3,643 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in Cherry Hill Mortgage Investment by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,741 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 4,484 shares during the last quarter. SG Americas Securities LLC bought a new position in Cherry Hill Mortgage Investment during the 3rd quarter valued at about $105,000. Finally, Bank of America Corp DE grew its holdings in Cherry Hill Mortgage Investment by 57.4% during the 4th quarter. Bank of America Corp DE now owns 11,337 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 4,136 shares during the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

About Cherry Hill Mortgage Investment

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.

See Also: What is a bull market?

Get a free copy of the Zacks research report on Cherry Hill Mortgage Investment (CHMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cherry Hill Mortgage Investment  Lifted to “Hold” at Zacks Investment Research
Cherry Hill Mortgage Investment Lifted to “Hold” at Zacks Investment Research
Dana  PT Raised to $23.00
Dana PT Raised to $23.00
Seabridge Gold Inc  Shares Sold by Mirae Asset Global Investments Co. Ltd.
Seabridge Gold Inc Shares Sold by Mirae Asset Global Investments Co. Ltd.
Donald C. Alford Sells 9,750 Shares of NV5 Global Inc  Stock
Donald C. Alford Sells 9,750 Shares of NV5 Global Inc Stock
TJX Companies Inc  Shares Bought by Johnson Financial Group Inc.
TJX Companies Inc Shares Bought by Johnson Financial Group Inc.
Private Advisor Group LLC Buys New Stake in Alliant Energy Co.
Private Advisor Group LLC Buys New Stake in Alliant Energy Co.


Leave a Reply

© 2006-2019 Ticker Report