Analysts Set Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) PT at $3.38

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $3.3750.

CHMI has been the topic of a number of recent research reports. Janney Montgomery Scott cut Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Monday, December 22nd. Citigroup reissued a “market outperform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, December 18th. Wall Street Zen cut shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, Citizens Jmp upgraded Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price target for the company in a research note on Thursday, November 6th.

Cherry Hill Mortgage Investment Price Performance

CHMI stock opened at $2.72 on Friday. Cherry Hill Mortgage Investment has a 1 year low of $2.17 and a 1 year high of $3.68. The stock has a market capitalization of $99.90 million, a PE ratio of 135.95 and a beta of 1.05. The company’s 50-day moving average is $2.44 and its 200-day moving average is $2.64.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $8.57 million during the quarter, compared to the consensus estimate of $2.87 million. Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%. On average, analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 annualized dividend and a yield of 14.7%. Cherry Hill Mortgage Investment’s dividend payout ratio is 2,000.00%.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently bought and sold shares of CHMI. Raymond James Financial Inc. grew its stake in shares of Cherry Hill Mortgage Investment by 38,518.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 20,415 shares in the last quarter. Two Sigma Investments LP increased its stake in Cherry Hill Mortgage Investment by 92.8% in the 3rd quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 125,499 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Cherry Hill Mortgage Investment by 27,027.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 20,000 shares during the last quarter. Sheets Smith Investment Management bought a new position in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $132,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the 2nd quarter worth approximately $908,000. 18.49% of the stock is currently owned by institutional investors.

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.