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

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $3.3750.

Several equities analysts recently issued reports on CHMI shares. Janney Montgomery Scott downgraded Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Wall Street Zen lowered Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Tuesday, November 25th. Finally, Citizens Jmp upgraded Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 target price on the stock in a research report on Thursday, November 6th.

Cherry Hill Mortgage Investment Trading Up 5.3%

NYSE CHMI opened at $2.49 on Monday. The stock has a market cap of $91.30 million, a PE ratio of 124.25 and a beta of 1.05. Cherry Hill Mortgage Investment has a 12 month low of $2.17 and a 12 month high of $3.68. The company’s 50-day moving average price is $2.38 and its 200-day moving average price is $2.70.

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

Cherry Hill Mortgage Investment Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 16.1%. The ex-dividend date was Tuesday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is currently 2,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in Cherry Hill Mortgage Investment by 38,518.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,468 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 20,415 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Cherry Hill Mortgage Investment by 92.8% during the third quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 125,499 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Cherry Hill Mortgage Investment by 27,027.0% during the third quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 20,000 shares in the last quarter. Sheets Smith Investment Management acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at about $132,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $908,000. 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.