Cherry Hill Mortgage Investment Corp Coverage Initiated by Analysts at Barclays (CHMI)
Equities research analysts at Barclays initiated coverage on shares of Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) in a research note issued to investors on Tuesday, American Banking News reports. The firm set an “overweight” rating and a $22.00 price target on the stock. Barclays’ target price suggests a potential upside of 23.18% from the company’s current price. The analysts noted that the move was a valuation call.
Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded down 0.50% on Tuesday, hitting $17.86. 43,310 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company’s market cap is $134.0 million.
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company focuses to acquire, invest in and manage residential mortgage assets in the United States.
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