Cherry Hill Mortgage Investment (NYSE:CHMI) Downgraded by Wall Street Zen to Buy

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

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cherry Hill Mortgage Investment has an average rating of “Hold” and an average price target of $3.00.

Cherry Hill Mortgage Investment Trading Up 1.1%

Shares of Cherry Hill Mortgage Investment stock opened at $2.35 on Friday. The firm’s 50 day moving average is $2.50 and its 200 day moving average is $2.58. The firm has a market capitalization of $86.52 million, a PE ratio of 21.41 and a beta of 0.93. Cherry Hill Mortgage Investment has a 1 year low of $2.17 and a 1 year high of $3.04.

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

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter valued at approximately $27,000. Naviter Wealth LLC purchased a new position in shares of Cherry Hill Mortgage Investment during the 4th quarter valued at $29,000. Glenview Trust co bought a new position in Cherry Hill Mortgage Investment during the second quarter worth about $34,000. Envestnet Asset Management Inc. bought a new position in Cherry Hill Mortgage Investment in the 2nd quarter worth approximately $45,000. Finally, Ritholtz Wealth Management bought a new position in shares of Cherry Hill Mortgage Investment in the fourth quarter worth $51,000. Institutional investors own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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.