Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Rating Lowered by Wall Street Zen

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.00.

Cherry Hill Mortgage Investment Stock Performance

NYSE:CHMI opened at $2.27 on Friday. The business’s fifty day moving average is $2.35 and its 200 day moving average is $2.52. The firm has a market cap of $83.22 million, a price-to-earnings ratio of 20.59 and a beta of 0.93. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $4.64 million during the quarter, compared to the consensus estimate of $10.30 million. Cherry Hill Mortgage Investment had a return on equity of 17.95% and a net margin of 18.88%. Equities analysts predict that Cherry Hill Mortgage Investment will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at about $374,000. Jane Street Group LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 262.5% during the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 67,832 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 58.2% during the second quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 21,731 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Cherry Hill Mortgage Investment by 50.9% in the fourth quarter. Cetera Investment Advisers now owns 37,054 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 12,504 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Cherry Hill Mortgage Investment by 34.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 25,546 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 6,525 shares during 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 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.