Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Receives Consensus Recommendation of “Hold” from Analysts

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has been assigned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.00.

A number of brokerages have recently commented on CHMI. Janney Montgomery Scott lowered shares of Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Credit Suisse Group set a $3.00 price target on shares of Cherry Hill Mortgage Investment in a research note on Thursday. Wall Street Zen downgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research report on Monday, December 29th. Finally, Citizens Jmp increased their price target on Cherry Hill Mortgage Investment from $2.75 to $3.00 and gave the company a “market outperform” rating in a research report on Thursday.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently modified their holdings of CHMI. Corient Private Wealth LLC acquired a new stake in Cherry Hill Mortgage Investment during the second quarter worth approximately $908,000. Two Sigma Investments LP raised its holdings in Cherry Hill Mortgage Investment by 92.8% in the 3rd quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 125,499 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Cherry Hill Mortgage Investment during the 2nd quarter valued at $374,000. Jane Street Group LLC lifted its position in shares of Cherry Hill Mortgage Investment by 262.5% during the 1st quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 67,832 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 58.2% during the 2nd quarter. Vident Advisory LLC now owns 59,061 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 21,731 shares in the last quarter. 18.49% of the stock is owned by institutional investors.

Cherry Hill Mortgage Investment Stock Performance

CHMI opened at $2.71 on Tuesday. The company has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.60. The firm has a market capitalization of $99.57 million, a PE ratio of 135.50 and a beta of 1.04. Cherry Hill Mortgage Investment has a 52 week low of $2.17 and a 52 week high of $3.68.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%. The company had revenue of $8.57 million during the quarter, compared to the consensus estimate of $2.87 million. Equities analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 14.8%. The ex-dividend date is Wednesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 2,000.00%.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.