Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded at StockNews.com

StockNews.com upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI) from a sell rating to a hold rating in a research note released on Monday morning.

Several other brokerages have also issued reports on CHMI. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price on the stock. Finally, B. Riley raised Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th.

Cherry Hill Mortgage Investment Stock Performance

Shares of Cherry Hill Mortgage Investment stock opened at $3.64 on Monday. Cherry Hill Mortgage Investment has a 52-week low of $2.50 and a 52-week high of $3.99. The firm has a market cap of $114.94 million, a PE ratio of -2.39 and a beta of 1.40. The business’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.19.

Cherry Hill Mortgage Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 16.51%. The ex-dividend date of this dividend was Tuesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is currently -39.47%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new position in shares of Cherry Hill Mortgage Investment in the third quarter valued at about $665,000. Corient Private Wealth LLC increased its stake in shares of Cherry Hill Mortgage Investment by 24.4% during the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock worth $1,634,000 after purchasing an additional 121,447 shares during the period. Penserra Capital Management LLC increased its stake in shares of Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 49,600 shares during the period. Virtu Financial LLC bought a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter worth approximately $130,000. Finally, Northern Trust Corp increased its position in Cherry Hill Mortgage Investment by 30.9% during the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 30,330 shares during the period. Institutional investors own 18.49% 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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.