Cherry Hill Mortgage Investment (NYSE:CHMI) Downgraded by StockNews.com

StockNews.com lowered shares of Cherry Hill Mortgage Investment (NYSE:CHMI – Get Rating) from a hold rating to a sell rating in a research report report published on Friday morning.

Cherry Hill Mortgage Investment Trading Down 1.9 %

Shares of CHMI stock opened at $5.55 on Friday. The stock has a market cap of $138.18 million, a price-to-earnings ratio of 7.03 and a beta of 1.26. The stock has a 50-day moving average of $6.58 and a 200-day moving average of $6.08. Cherry Hill Mortgage Investment has a 1-year low of $4.58 and a 1-year high of $8.33.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.08 annualized dividend and a dividend yield of 19.46%. Cherry Hill Mortgage Investment’s payout ratio is 136.71%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently made changes to their positions in CHMI. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Cherry Hill Mortgage Investment during the 4th quarter valued at about $58,000. Newbridge Financial Services Group Inc. bought a new position in Cherry Hill Mortgage Investment in the third quarter worth approximately $61,000. First Republic Investment Management Inc. bought a new position in Cherry Hill Mortgage Investment in the second quarter worth approximately $69,000. Private Advisor Group LLC bought a new position in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $76,000. Finally, Verition Fund Management LLC bought a new position in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $79,000. Institutional investors own 16.87% of the company’s stock.

Cherry Hill Mortgage Investment Company Profile

(Get Rating)

Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment. It also invests in agency residential mortgage backed securities, prime jumbo mortgage loans and other residential mortgage assets.