StockNews.com Downgrades Cherry Hill Mortgage Investment (NYSE:CHMI) to Sell

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Cherry Hill Mortgage Investment Trading Down 1.5 %

NYSE:CHMI opened at $2.61 on Wednesday. The company has a market cap of $82.54 million, a PE ratio of -1.72 and a beta of 1.39. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $4.39. The company’s 50 day moving average is $3.06 and its two-hundred day moving average is $3.45.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $14.33 million for the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, analysts expect that Cherry Hill Mortgage Investment will post 0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Hedge funds have recently made changes to their positions in the company. Forum Financial Management LP purchased a new stake in shares of Cherry Hill Mortgage Investment in the second quarter valued at approximately $1,038,000. Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $665,000. Penserra Capital Management LLC lifted its holdings in Cherry Hill Mortgage Investment by 22.9% in the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock valued at $964,000 after acquiring an additional 49,600 shares during the last quarter. Renaissance Technologies LLC grew its position in Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after acquiring an additional 37,300 shares during the period. Finally, Vanguard Group Inc. grew its position in Cherry Hill Mortgage Investment by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after acquiring an additional 36,039 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Company Profile

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.