Parametric Portfolio Associates LLC reduced its position in shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,341 shares of the real estate investment trust’s stock after selling 3,214 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of Cherry Hill Mortgage Investment worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Globeflex Capital L P acquired a new position in shares of Cherry Hill Mortgage Investment during the second quarter worth about $464,000. Vanguard Group Inc. boosted its position in Cherry Hill Mortgage Investment by 19.5% during the second quarter. Vanguard Group Inc. now owns 543,522 shares of the real estate investment trust’s stock valued at $10,038,000 after purchasing an additional 88,668 shares during the last quarter. Northern Trust Corp boosted its position in Cherry Hill Mortgage Investment by 423.4% during the second quarter. Northern Trust Corp now owns 133,888 shares of the real estate investment trust’s stock valued at $2,473,000 after purchasing an additional 108,310 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Cherry Hill Mortgage Investment during the second quarter valued at approximately $318,000. Finally, Menta Capital LLC acquired a new position in Cherry Hill Mortgage Investment during the second quarter valued at approximately $1,683,000. 58.59% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. Zacks Investment Research cut Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. FBR & Co reissued a “buy” rating and set a $19.50 price target on shares of Cherry Hill Mortgage Investment in a research report on Tuesday, October 10th. ValuEngine cut Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, B. Riley reissued a “buy” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cherry Hill Mortgage Investment currently has a consensus rating of “Buy” and a consensus price target of $19.40.

Cherry Hill Mortgage Investment Corporation (CHMI) opened at $18.50 on Thursday. The firm has a market capitalization of $235.35, a P/E ratio of 8.45 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 52 week low of $16.40 and a 52 week high of $19.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results 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. The company had revenue of $5.84 million for the quarter, compared to analyst estimates of $5.55 million. Cherry Hill Mortgage Investment had a return on equity of 9.49% and a net margin of 136.70%. During the same quarter last year, the company earned $0.54 earnings per share. equities analysts expect that Cherry Hill Mortgage Investment Corporation will post 2.2 earnings per share for the current fiscal year.

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Cherry Hill Mortgage Investment 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.

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

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