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

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been given an average recommendation of “Hold” by the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.00.

Several analysts have recently commented on CHMI shares. Citizens Jmp cut shares of Cherry Hill Mortgage Investment from a “market outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings raised Cherry Hill Mortgage Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. B. Riley Financial lowered Cherry Hill Mortgage Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen cut Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHMI. XTX Topco Ltd acquired a new position in Cherry Hill Mortgage Investment during the 4th quarter valued at about $27,000. Glenview Trust Co acquired a new stake in shares of Cherry Hill Mortgage Investment during the 2nd quarter worth approximately $29,000. Glenview Trust co acquired a new stake in shares of 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 during the second quarter worth approximately $45,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Cherry Hill Mortgage Investment during the second quarter worth approximately $46,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Stock Performance

Cherry Hill Mortgage Investment stock opened at $2.90 on Friday. The firm has a market cap of $107.34 million, a P/E ratio of 16.14 and a beta of 0.97. The business’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.56. 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 announced its earnings results on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $7.88 million during the quarter, compared to analyst estimates of $10.75 million. Cherry Hill Mortgage Investment had a return on equity of 21.74% and a net margin of 26.43%. On average, equities research analysts predict that Cherry Hill Mortgage Investment will post 0.59 earnings per share for the current year.

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.