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Shares of Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.54.

A number of analysts have recently weighed in on CHMI shares. Analysts at JMP Securities initiated coverage on shares of Cherry Hill Mortgage Investment Corp in a research note on Thursday. They set an “outperform” rating and a $21.50 price target on the stock. Separately, analysts at Zacks downgraded shares of Cherry Hill Mortgage Investment Corp from an “outperform” rating to a “neutral” rating in a research note on Monday, June 23rd. They now have a $21.20 price target on the stock. Finally, analysts at Zacks upgraded shares of Cherry Hill Mortgage Investment Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, May 23rd. They now have a $20.20 price target on the stock.

Shares of Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) traded up 0.41% on Thursday, hitting $19.73. The stock had a trading volume of 23,863 shares. Cherry Hill Mortgage Investment Corp has a 52-week low of $17.13 and a 52-week high of $20.56. The stock has a 50-day moving average of $19.97 and a 200-day moving average of $19.08. The company has a market cap of $148.2 million and a P/E ratio of 6.75.

Cherry Hill Mortgage Investment Corp (NASDAQ:CHMI) last announced its earnings results on Tuesday, May 13th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.02.

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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