Cherry Hill Mortgage Investment (NYSE:CHMI) Upgraded to Hold at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Janney Montgomery Scott started coverage on Cherry Hill Mortgage Investment in a research note on Thursday. They issued a “buy” rating and a $4.00 price target for the company.

Cherry Hill Mortgage Investment Price Performance

CHMI stock opened at $2.62 on Friday. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $4.11. The stock has a market cap of $82.86 million, a price-to-earnings ratio of -1.72 and a beta of 1.38. The company has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $3.33.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 EPS 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 period last year, the firm earned $0.16 earnings per share. Research analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC acquired a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at approximately $665,000. Members Trust Co bought a new position in Cherry Hill Mortgage Investment in the third quarter valued at approximately $47,000. Renaissance Technologies LLC raised its position in Cherry Hill Mortgage Investment by 7.9% during the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after purchasing an additional 37,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cherry Hill Mortgage Investment during the third quarter worth $49,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after buying an additional 49,600 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.

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.