Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded at Zacks Investment Research

Cherry Hill Mortgage Investment (NYSE:CHMI – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

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. “

Separately, StockNews.com initiated coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NYSE CHMI opened at $6.83 on Thursday. The firm has a 50 day moving average of $7.36 and a 200 day moving average of $8.01. The firm has a market capitalization of $129.03 million, a price-to-earnings ratio of 14.85 and a beta of 1.18. Cherry Hill Mortgage Investment has a 12-month low of $6.37 and a 12-month high of $10.68.

Cherry Hill Mortgage Investment (NYSE:CHMI – Get Rating) last announced its earnings results on Monday, May 9th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Cherry Hill Mortgage Investment had a net margin of 83.63% and a return on equity of 19.85%. During the same quarter last year, the business earned $0.21 earnings per share. Analysts predict that Cherry Hill Mortgage Investment will post 1.45 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of CHMI. Allworth Financial LP purchased a new position in Cherry Hill Mortgage Investment during the first quarter valued at approximately $29,000. Penserra Capital Management LLC purchased a new position in Cherry Hill Mortgage Investment during the third quarter valued at approximately $82,000. SkyOak Wealth LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the first quarter worth $85,000. Barclays PLC lifted its holdings in shares of Cherry Hill Mortgage Investment by 194.9% in the third quarter. Barclays PLC now owns 11,666 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 7,710 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter worth $116,000. 25.04% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile (Get Rating)

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.

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