Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Given Consensus Rating of “Moderate Buy” by Analysts

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.3750.

A number of brokerages have recently weighed in on CHMI. Citigroup reiterated a “market outperform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, December 18th. Wall Street Zen downgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Monday. Janney Montgomery Scott downgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Finally, Citizens Jmp raised shares of Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price target on the stock in a research note on Thursday, November 6th.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Large investors have recently made changes to their positions in the company. Corient Private Wealth LLC bought a new position in Cherry Hill Mortgage Investment during the second quarter valued at approximately $908,000. Hudson Bay Capital Management LP acquired a new position in shares of Cherry Hill Mortgage Investment during the 2nd quarter valued at about $374,000. Two Sigma Investments LP raised its stake in shares of Cherry Hill Mortgage Investment by 92.8% in the 3rd quarter. Two Sigma Investments LP now owns 260,759 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 125,499 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Cherry Hill Mortgage Investment by 262.5% in the 1st quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 67,832 shares in the last quarter. Finally, Sheets Smith Investment Management acquired a new stake in Cherry Hill Mortgage Investment in the 3rd quarter worth approximately $132,000. Institutional investors own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Stock Down 0.4%

Shares of NYSE:CHMI opened at $2.76 on Friday. The company’s fifty day moving average is $2.43 and its two-hundred day moving average is $2.64. The company has a market cap of $101.40 million, a P/E ratio of 138.00 and a beta of 1.06. Cherry Hill Mortgage Investment has a 12-month low of $2.17 and a 12-month high of $3.68.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $8.57 million during the quarter, compared to analyst estimates of $2.87 million. Cherry Hill Mortgage Investment had a return on equity of 16.17% and a net margin of 14.15%. Equities research analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is presently 2,000.00%.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.