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

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. “

A number of other equities analysts have also issued reports on CHMI. ValuEngine upgraded shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. FBR & Co restated a “buy” rating and set a $19.50 target price on shares of Cherry Hill Mortgage Investment Corporation in a research report on Tuesday, October 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cherry Hill Mortgage Investment Corporation currently has a consensus rating of “Buy” and a consensus price target of $19.38.

Cherry Hill Mortgage Investment Corporation (NYSE CHMI) traded down 0.05% during mid-day trading on Tuesday, hitting $18.70. 90,765 shares of the stock traded hands. The stock has a market cap of $237.64 million, a PE ratio of 3.17 and a beta of 0.38. The company has a 50 day moving average of $18.39 and a 200-day moving average of $18.34. Cherry Hill Mortgage Investment Corporation has a 12-month low of $16.00 and a 12-month high of $19.43.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.71 million for 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 company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts forecast that Cherry Hill Mortgage Investment Corporation will post $2.10 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Cherry Hill Mortgage Investment Corporation by 56.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,132,300 shares of the real estate investment trust’s stock valued at $20,914,000 after buying an additional 407,900 shares during the last quarter. Vanguard Group Inc. grew its position in Cherry Hill Mortgage Investment Corporation by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 543,522 shares of the real estate investment trust’s stock valued at $10,038,000 after buying an additional 88,668 shares during the last quarter. Acadian Asset Management LLC grew its position in Cherry Hill Mortgage Investment Corporation by 59.4% in the 2nd quarter. Acadian Asset Management LLC now owns 503,773 shares of the real estate investment trust’s stock valued at $9,309,000 after buying an additional 187,738 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in Cherry Hill Mortgage Investment Corporation in the 2nd quarter valued at $4,943,000. Finally, Goldman Sachs Group Inc. grew its position in Cherry Hill Mortgage Investment Corporation by 80.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 171,503 shares of the real estate investment trust’s stock valued at $3,168,000 after buying an additional 76,212 shares during the last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.

Cherry Hill Mortgage Investment Corporation Company Profile

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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