Cherry Hill Mortgage Investment (NYSE:CHMI) Earns “Market Perform” Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of Cherry Hill Mortgage Investment (NYSE:CHMI) in a research note issued to investors on Thursday morning,Benzinga reports.

Several other research analysts have also recently weighed in on the company. Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 target price on the stock. StockNews.com lowered Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, B. Riley raised Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th.

Cherry Hill Mortgage Investment Stock Performance

NYSE CHMI opened at $3.03 on Thursday. The business has a fifty day moving average price of $2.71 and a 200 day moving average price of $3.25. The company has a market cap of $95.65 million, a P/E ratio of -1.99 and a beta of 1.38. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $3.99.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same period last year, the business earned $0.16 EPS. As a group, sell-side analysts predict that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 19.83%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -39.47%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment in the third quarter valued at $665,000. Penserra Capital Management LLC increased its position in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 49,600 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 37,300 shares during the period. Geode Capital Management LLC lifted its position in Cherry Hill Mortgage Investment by 7.6% in the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 23,947 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its stake in Cherry Hill Mortgage Investment by 133.3% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 16,000 shares during the period. 18.49% of the stock is currently owned by institutional investors and hedge funds.

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.