Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. “

A number of other research firms have also weighed in on CHMI. ValuEngine lowered Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. B. Riley set a $19.00 target price on Cherry Hill Mortgage Investment and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Wedbush raised Cherry Hill Mortgage Investment from a “neutral” rating to an “outperform” rating in a research note on Monday, June 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.83.

Shares of CHMI traded down $0.07 during midday trading on Monday, reaching $18.47. The stock had a trading volume of 123,600 shares, compared to its average volume of 130,424. Cherry Hill Mortgage Investment has a 12-month low of $16.01 and a 12-month high of $19.20. The stock has a market capitalization of $293.28 million, a P/E ratio of 8.32 and a beta of 0.23.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Cherry Hill Mortgage Investment had a net margin of 147.31% and a return on equity of 10.42%. The company had revenue of $4.70 million during the quarter, compared to the consensus estimate of $4.48 million. research analysts expect that Cherry Hill Mortgage Investment will post 2.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Cherry Hill Mortgage Investment by 21.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the real estate investment trust’s stock valued at $21,230,000 after acquiring an additional 212,200 shares during the last quarter. BlackRock Inc. raised its position in Cherry Hill Mortgage Investment by 24.6% during the 2nd quarter. BlackRock Inc. now owns 1,095,063 shares of the real estate investment trust’s stock valued at $19,558,000 after purchasing an additional 216,365 shares during the last quarter. Millennium Management LLC raised its position in Cherry Hill Mortgage Investment by 708.5% during the 2nd quarter. Millennium Management LLC now owns 404,049 shares of the real estate investment trust’s stock valued at $7,216,000 after purchasing an additional 354,071 shares during the last quarter. JPMorgan Chase & Co. raised its position in Cherry Hill Mortgage Investment by 22.9% during the 1st quarter. JPMorgan Chase & Co. now owns 360,897 shares of the real estate investment trust’s stock valued at $6,331,000 after purchasing an additional 67,350 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Cherry Hill Mortgage Investment by 22.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 292,278 shares of the real estate investment trust’s stock valued at $5,220,000 after purchasing an additional 54,116 shares during the last quarter. 56.19% of the stock is owned by institutional investors.

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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