Royal Bank of Canada reduced its stake in shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,200 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Royal Bank of Canada owned approximately 0.26% of Cherry Hill Mortgage Investment Corporation worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 40.7% during the first quarter. Geode Capital Management LLC now owns 67,165 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 19,441 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 429.3% during the second quarter. Russell Investments Group Ltd. now owns 55,576 shares of the real estate investment trust’s stock valued at $1,026,000 after purchasing an additional 45,076 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation during the second quarter valued at $650,000. JPMorgan Chase & Co. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 239.5% during the first quarter. JPMorgan Chase & Co. now owns 59,992 shares of the real estate investment trust’s stock valued at $1,025,000 after purchasing an additional 42,322 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 20.3% during the first quarter. Morgan Stanley now owns 94,430 shares of the real estate investment trust’s stock valued at $1,614,000 after purchasing an additional 15,941 shares during the period. 61.93% of the stock is owned by hedge funds and other institutional investors.

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Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at $17.87 on Friday. Cherry Hill Mortgage Investment Corporation has a one year low of $16.29 and a one year high of $19.43. The firm has a market cap of $229.11, a PE ratio of 8.22 and a beta of 0.38.

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

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

A number of analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Cherry Hill Mortgage Investment Corporation in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. FBR & Co reaffirmed a “buy” rating and issued a $19.50 price objective on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, October 10th. Finally, ValuEngine lowered shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cherry Hill Mortgage Investment Corporation currently has a consensus rating of “Buy” and an average price target of $19.40.

Cherry Hill Mortgage Investment Corporation Company Profile

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.

Institutional Ownership by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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