Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Receives Average Recommendation of “Hold” from Analysts

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.3750.

Several equities analysts recently commented on CHMI shares. Citizens Jmp raised Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 target price on the stock in a report on Thursday, November 6th. Janney Montgomery Scott cut Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th. Wall Street Zen downgraded Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Tuesday, November 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CHMI. Banco BTG Pactual S.A. purchased a new position in Cherry Hill Mortgage Investment during the 1st quarter worth $36,000. Wealth Preservation Advisors LLC acquired a new position in shares of Cherry Hill Mortgage Investment during the first quarter worth about $33,000. Vident Advisory LLC purchased a new position in Cherry Hill Mortgage Investment during the first quarter worth about $123,000. Jane Street Group LLC raised its holdings in Cherry Hill Mortgage Investment by 262.5% during the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 67,832 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Cherry Hill Mortgage Investment in the second quarter valued at about $66,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Stock Up 5.3%

Shares of Cherry Hill Mortgage Investment stock opened at $2.49 on Monday. The firm has a market cap of $91.30 million, a PE ratio of 124.25 and a beta of 1.05. Cherry Hill Mortgage Investment has a 52 week low of $2.17 and a 52 week high of $3.68. The business’s fifty day simple moving average is $2.38 and its 200-day simple moving average is $2.70.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $8.57 million during the quarter, compared to analyst estimates of $2.87 million. Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%. As a group, equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Cherry Hill Mortgage Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 16.1%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is 2,000.00%.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.