Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded at Wall Street Zen

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Cherry Hill Mortgage Investment Trading Up 2.0%

NYSE:CHMI opened at $2.48 on Friday. Cherry Hill Mortgage Investment has a twelve month low of $2.17 and a twelve month high of $3.04. The company has a market cap of $91.04 million, a price-to-earnings ratio of 22.53 and a beta of 0.93. The stock has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.58.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.64 million for the quarter, compared to analysts’ expectations of $10.30 million. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. As a group, equities research analysts predict that Cherry Hill Mortgage Investment will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in CHMI. PVG Asset Management Corp increased its stake in shares of Cherry Hill Mortgage Investment by 11.5% during the third quarter. PVG Asset Management Corp now owns 55,180 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 5,670 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Cherry Hill Mortgage Investment by 34.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 25,546 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 6,525 shares in the last quarter. XTX Topco Ltd purchased a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth about $27,000. Naviter Wealth LLC purchased a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth about $29,000. Finally, Glenview Trust co bought a new position in Cherry Hill Mortgage Investment during the 2nd quarter worth about $34,000. Institutional investors own 18.49% of the company’s stock.

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.