Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. “

Several other analysts also recently weighed in on the company. FBR & Co restated an “outperform” rating and set a $18.50 target price (down previously from $21.50) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, March 28th. Citigroup Inc. restated a “buy” rating and set a $19.00 target price (down previously from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Sunday, May 14th. Finally, ValuEngine downgraded Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Cherry Hill Mortgage Investment Corporation currently has a consensus rating of “Buy” and an average price target of $19.00.

Cherry Hill Mortgage Investment Corporation (CHMI) traded up 0.32% during midday trading on Monday, reaching $18.92. The company’s stock had a trading volume of 127,336 shares. Cherry Hill Mortgage Investment Corporation has a 52 week low of $14.94 and a 52 week high of $19.14. The stock has a 50 day moving average of $18.24 and a 200 day moving average of $18.07. The firm has a market capitalization of $240.28 million, a PE ratio of 2.64 and a beta of 0.37.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.35% and a net margin of 155.62%. The firm had revenue of $3.65 million during the quarter, compared to the consensus estimate of $8.50 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.05 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of CHMI. Segantii Capital Management Ltd boosted its position in shares of Cherry Hill Mortgage Investment Corporation by 469.2% in the first quarter. Segantii Capital Management Ltd now owns 7,400 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 6,100 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Cherry Hill Mortgage Investment Corporation by 77.4% in the first quarter. Wells Fargo & Company MN now owns 10,828 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 4,724 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Cherry Hill Mortgage Investment Corporation during the first quarter worth about $187,000. Russell Investments Group Ltd. bought a new position in shares of Cherry Hill Mortgage Investment Corporation during the fourth quarter worth about $208,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Cherry Hill Mortgage Investment Corporation during the first quarter worth about $229,000. 47.87% of the stock is owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment Corporation

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

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