B. Riley reiterated their buy rating on shares of Cherry Hill Mortgage Investment (NYSE:CHMI) in a report issued on Wednesday, TipRanks reports. The firm currently has a $15.00 price objective on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on CHMI. JMP Securities cut their price target on shares of Cherry Hill Mortgage Investment from $20.00 to $16.00 and set a market outperform rating on the stock in a research note on Thursday, September 5th. ValuEngine upgraded shares of Cherry Hill Mortgage Investment from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment from a strong sell rating to a hold rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $17.50.

Cherry Hill Mortgage Investment stock traded up $0.27 during mid-day trading on Wednesday, reaching $14.52. 331,205 shares of the company traded hands, compared to its average volume of 150,082. Cherry Hill Mortgage Investment has a fifty-two week low of $11.81 and a fifty-two week high of $19.35. The company has a market capitalization of $240.78 million, a price-to-earnings ratio of 6.51 and a beta of 0.44. The firm’s fifty day moving average is $13.32 and its two-hundred day moving average is $14.81.

The firm also recently disclosed a 0.49000 dividend, which was paid on Tuesday, October 29th. Stockholders of record on Monday, September 30th were issued a $0.40 dividend. This represents a dividend yield of 15.4%. The ex-dividend date was Friday, September 27th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 71.11%.

Several hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth $28,000. Nisa Investment Advisors LLC boosted its holdings in Cherry Hill Mortgage Investment by 51.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,974 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 674 shares in the last quarter. Denali Advisors LLC purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth $90,000. Hancock Whitney Corp purchased a new stake in Cherry Hill Mortgage Investment during the third quarter worth $149,000. Finally, GSA Capital Partners LLP purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth $211,000. 53.68% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

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