Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

Other analysts have also issued research reports about the company. Citigroup Inc reaffirmed a “buy” rating and set a $19.00 price objective (down previously from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Sunday, May 14th. ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $18.50 price objective (down previously from $21.50) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, March 28th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.00.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at 18.78 on Monday. Cherry Hill Mortgage Investment Corporation has a 12-month low of $14.94 and a 12-month high of $19.14. The stock has a market cap of $238.51 million, a price-to-earnings ratio of 2.62 and a beta of 0.37. The stock’s 50 day moving average price is $18.24 and its 200 day moving average price is $18.07.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $3.65 million for the quarter, compared to analyst estimates of $8.50 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.35% and a net margin of 155.62%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Analysts forecast that Cherry Hill Mortgage Investment Corporation will post $2.05 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in CHMI. Renaissance Technologies LLC increased its position in Cherry Hill Mortgage Investment Corporation by 23.2% in the first quarter. Renaissance Technologies LLC now owns 724,400 shares of the real estate investment trust’s stock valued at $12,380,000 after buying an additional 136,400 shares during the period. Alliancebernstein L.P. increased its position in Cherry Hill Mortgage Investment Corporation by 144.6% in the first quarter. Alliancebernstein L.P. now owns 539,183 shares of the real estate investment trust’s stock valued at $9,215,000 after buying an additional 318,778 shares during the period. Vanguard Group Inc. increased its position in Cherry Hill Mortgage Investment Corporation by 6.8% in the first quarter. Vanguard Group Inc. now owns 454,854 shares of the real estate investment trust’s stock valued at $7,773,000 after buying an additional 29,050 shares during the period. Acadian Asset Management LLC increased its position in Cherry Hill Mortgage Investment Corporation by 3.8% in the first quarter. Acadian Asset Management LLC now owns 316,035 shares of the real estate investment trust’s stock valued at $5,402,000 after buying an additional 11,460 shares during the period. Finally, Ranger Global Real Estate Advisors LLC acquired a new position in Cherry Hill Mortgage Investment Corporation during the first quarter valued at $2,220,000. Hedge funds and other institutional investors own 47.87% 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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