Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $20.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.50% from the company’s current price.

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. “

Separately, ValuEngine raised shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cherry Hill Mortgage Investment Corporation presently has an average rating of “Buy” and an average price target of $18.80.

Cherry Hill Mortgage Investment Corporation (NYSE CHMI) traded down 0.49% during midday trading on Wednesday, hitting $18.10. 86,757 shares of the stock traded hands. The company has a market cap of $230.01 million, a price-to-earnings ratio of 3.07 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 52-week low of $16.00 and a 52-week high of $19.43. The firm’s 50-day moving average is $18.45 and its 200-day moving average is $18.21.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $5.71 million during the quarter, compared to analyst estimates of $4.79 million. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.19 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in Cherry Hill Mortgage Investment Corporation by 56.3% in the second quarter. Renaissance Technologies LLC now owns 1,132,300 shares of the real estate investment trust’s stock worth $20,914,000 after acquiring an additional 407,900 shares during the period. Vanguard Group Inc. lifted its stake in Cherry Hill Mortgage Investment Corporation by 19.5% in the second quarter. Vanguard Group Inc. now owns 543,522 shares of the real estate investment trust’s stock worth $10,038,000 after acquiring an additional 88,668 shares during the period. Alliancebernstein L.P. lifted its stake in Cherry Hill Mortgage Investment Corporation by 144.6% in the first quarter. Alliancebernstein L.P. now owns 539,183 shares of the real estate investment trust’s stock worth $9,215,000 after acquiring an additional 318,778 shares during the period. Acadian Asset Management LLC lifted its stake in Cherry Hill Mortgage Investment Corporation by 59.4% in the second quarter. Acadian Asset Management LLC now owns 503,773 shares of the real estate investment trust’s stock worth $9,309,000 after acquiring an additional 187,738 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment Corporation in the second quarter worth about $4,943,000. 62.41% of the stock is owned by institutional investors.

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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