Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $3.3750.

CHMI has been the subject of several research analyst reports. Wall Street Zen cut Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Citizens Jmp raised Cherry Hill Mortgage Investment from a “market perform” rating to an “outperform” rating and set a $2.75 price target on the stock in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Monday. Citigroup restated a “market outperform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, December 18th. Finally, Janney Montgomery Scott lowered shares of Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a research report on Monday, October 13th.

Cherry Hill Mortgage Investment Trading Down 0.4%

Shares of Cherry Hill Mortgage Investment stock opened at $2.76 on Friday. The firm has a fifty day simple moving average of $2.43 and a 200-day simple moving average of $2.64. The stock has a market capitalization of $101.40 million, a price-to-earnings ratio of 138.00 and a beta of 1.06. Cherry Hill Mortgage Investment has a 1-year low of $2.17 and a 1-year high of $3.68.

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

Cherry Hill Mortgage Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.5%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 2,000.00%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently added to or reduced their stakes in CHMI. Ritholtz Wealth Management acquired a new position in Cherry Hill Mortgage Investment in the 2nd quarter valued at approximately $66,000. Vident Advisory LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at $123,000. Wealth Preservation Advisors LLC bought a new position in Cherry Hill Mortgage Investment in the first quarter worth $33,000. PVG Asset Management Corp acquired a new stake in Cherry Hill Mortgage Investment during the second quarter worth $135,000. Finally, Sheets Smith Investment Management acquired a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at about $132,000. 18.49% of the stock is owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.