Advisor Group Holdings Inc. Takes Position in Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

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Advisor Group Holdings Inc. purchased a new stake in Cherry Hill Mortgage Investment Corp (NYSE:CHMI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,231 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Several other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Cherry Hill Mortgage Investment by 9.4% during the first quarter. Invesco Ltd. now owns 36,243 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 3,100 shares during the last quarter. Two Sigma Advisers LP increased its stake in Cherry Hill Mortgage Investment by 57.1% during the 1st quarter. Two Sigma Advisers LP now owns 65,200 shares of the real estate investment trust’s stock worth $404,000 after buying an additional 23,700 shares during the period. Wells Fargo & Company MN increased its stake in Cherry Hill Mortgage Investment by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 11,089 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,589 shares during the period. Geode Capital Management LLC increased its stake in Cherry Hill Mortgage Investment by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 247,096 shares of the real estate investment trust’s stock worth $1,531,000 after buying an additional 11,015 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Cherry Hill Mortgage Investment by 17.5% during the 1st quarter. Alliancebernstein L.P. now owns 24,800 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 3,700 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

Cherry Hill Mortgage Investment stock opened at $9.23 on Friday. The firm has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $10.03. The firm has a market capitalization of $152.57 million, a price-to-earnings ratio of -2.03 and a beta of 1.21. Cherry Hill Mortgage Investment Corp has a 52-week low of $2.76 and a 52-week high of $16.02.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $7.96 million during the quarter, compared to analyst estimates of $4.48 million. Cherry Hill Mortgage Investment had a negative net margin of 86.62% and a positive return on equity of 13.99%. Research analysts anticipate that Cherry Hill Mortgage Investment Corp will post 1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Tuesday, June 30th were issued a $0.27 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.70%. Cherry Hill Mortgage Investment’s payout ratio is currently 53.73%.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. B. Riley reaffirmed a “buy” rating and set a $11.50 price target on shares of Cherry Hill Mortgage Investment in a research note on Friday, June 19th. Wedbush decreased their price objective on shares of Cherry Hill Mortgage Investment from $16.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. TheStreet lowered shares of Cherry Hill Mortgage Investment from a “c-” rating to a “d” rating in a report on Friday, May 22nd. Finally, JMP Securities raised their price objective on shares of Cherry Hill Mortgage Investment from $9.00 to $10.50 and gave the stock a “market outperform” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $12.63.

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.

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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment (NYSE:CHMI)

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