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

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been assigned an average rating of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.3750.

Several equities analysts recently commented on the company. Wall Street Zen lowered Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Janney Montgomery Scott lowered Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Citizens Jmp raised Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price target on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, October 8th.

Cherry Hill Mortgage Investment Stock Performance

Cherry Hill Mortgage Investment stock opened at $2.36 on Thursday. The stock’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.77. The firm has a market capitalization of $85.05 million, a PE ratio of -4.54 and a beta of 0.98. Cherry Hill Mortgage Investment has a one year low of $2.25 and a one year high of $3.68.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $6.04 million for the quarter, compared to analyst estimates of $2.19 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.55% and a negative net margin of 14.28%. On average, analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.40 annualized dividend and a yield of 16.9%. Cherry Hill Mortgage Investment’s payout ratio is currently -76.92%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Preservation Advisors LLC purchased a new stake in Cherry Hill Mortgage Investment during the 1st quarter worth approximately $33,000. Banco BTG Pactual S.A. purchased a new stake in Cherry Hill Mortgage Investment during the 1st quarter worth approximately $36,000. Glenview Trust co purchased a new stake in Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $34,000. Envestnet Asset Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at approximately $45,000. Finally, Vident Advisory LLC raised its position in shares of Cherry Hill Mortgage Investment by 58.2% during the 2nd quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 21,731 shares in the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.