Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Receives Average Rating of “Hold” from Analysts

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $3.00.

A number of analysts have issued reports on CHMI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday, June 24th. B. Riley Financial downgraded shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen lowered Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Citizens Jmp lowered shares of Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several hedge funds have recently bought and sold shares of the company. Summit Financial LLC increased its holdings in Cherry Hill Mortgage Investment by 106.1% during the 4th quarter. Summit Financial LLC now owns 1,010,876 shares of the real estate investment trust’s stock valued at $2,679,000 after acquiring an additional 520,291 shares in the last quarter. BlackRock Inc. acquired a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at $1,104,000. Corient Private Wealth LLC acquired a new position in Cherry Hill Mortgage Investment in the second quarter valued at $908,000. PVG Asset Management Corp lifted its holdings in shares of Cherry Hill Mortgage Investment by 264.7% during the 4th quarter. PVG Asset Management Corp now owns 201,260 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 146,080 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in Cherry Hill Mortgage Investment during the second quarter worth approximately $374,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Stock Up 0.2%

Shares of CHMI opened at $2.92 on Monday. The company has a market cap of $108.08 million, a P/E ratio of 16.25 and a beta of 0.93. Cherry Hill Mortgage Investment has a fifty-two week low of $2.17 and a fifty-two week high of $3.04. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.52.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cherry Hill Mortgage Investment had a return on equity of 21.74% and a net margin of 26.43%.The firm had revenue of $7.88 million during the quarter, compared to analyst estimates of $10.75 million. Research analysts forecast that Cherry Hill Mortgage Investment will post 0.59 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date was Tuesday, June 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 222.22%.

About Cherry Hill Mortgage Investment

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.