Wall Street Zen lowered shares of Cherry Hill Mortgage Investment (NYSE:CHMI – Free Report) from a buy rating to a hold rating in a research note released on Sunday morning.
Cherry Hill Mortgage Investment Stock Performance
Shares of CHMI stock opened at $2.41 on Friday. The firm has a market cap of $86.86 million, a P/E ratio of -4.63 and a beta of 0.98. The firm’s 50 day moving average price is $2.79 and its 200-day moving average price is $2.89. Cherry Hill Mortgage Investment has a one year low of $2.34 and a one year high of $3.68.
Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Cherry Hill Mortgage Investment had a negative net margin of 14.28% and a positive return on equity of 15.55%. The firm had revenue of $6.04 million during the quarter, compared to analysts’ expectations of $2.19 million. As a group, research analysts predict that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.
Cherry Hill Mortgage Investment Cuts Dividend
Institutional Trading of Cherry Hill Mortgage Investment
Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Cherry Hill Mortgage Investment during the 4th quarter worth $68,000. Northern Trust Corp boosted its stake in shares of Cherry Hill Mortgage Investment by 30.9% in the 4th quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 30,330 shares during the period. Vident Advisory LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the 1st quarter valued at about $123,000. Banco BTG Pactual S.A. acquired a new position in shares of Cherry Hill Mortgage Investment during the first quarter worth about $36,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 18.49% of the company’s stock.
Cherry Hill Mortgage Investment Company Profile
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.
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