B. Riley reiterated their buy rating on shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) in a research report sent to investors on Wednesday morning. The brokerage currently has a $19.50 target price on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Cherry Hill Mortgage Investment Corporation from a buy rating to a hold rating in a report on Tuesday, October 24th. FBR & Co reiterated a buy rating and issued a $19.50 price target on shares of Cherry Hill Mortgage Investment Corporation in a report on Tuesday, October 10th. Finally, ValuEngine lowered Cherry Hill Mortgage Investment Corporation from a strong-buy rating to a buy rating in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average target price of $19.40.

Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at $17.87 on Wednesday. The company has a market capitalization of $229.11, a P/E ratio of 8.22 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 52 week low of $16.29 and a 52 week high of $19.43.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last released its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $5.84 million for the quarter, compared to analysts’ expectations of $5.55 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 136.70%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. equities analysts predict that Cherry Hill Mortgage Investment Corporation will post 2.1 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Friday, September 29th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.97%. Cherry Hill Mortgage Investment Corporation’s payout ratio is 29.04%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in shares of Cherry Hill Mortgage Investment Corporation by 102.6% in the second quarter. Sei Investments Co. now owns 8,570 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 4,339 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation in the second quarter valued at approximately $172,000. C M Bidwell & Associates Ltd. boosted its holdings in shares of Cherry Hill Mortgage Investment Corporation by 19.4% in the second quarter. C M Bidwell & Associates Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 1,510 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Cherry Hill Mortgage Investment Corporation by 77.4% in the first quarter. Wells Fargo & Company MN now owns 10,828 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 4,724 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Cherry Hill Mortgage Investment Corporation by 3,023.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,056 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 9,734 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.

About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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