Cherry Hill Mortgage Investment Corp (CHMI) Shares Rating Lowered by ValuEngine

Cherry Hill Mortgage Investment Corp (CHMI) Shares Rating Lowered by ValuEngine

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

A number of other research analysts have also weighed in on CHMI. Zacks Investment Research lowered shares of Cherry Hill Mortgage Investment Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Citigroup Inc reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Cherry Hill Mortgage Investment Corp in a research note on Sunday, May 14th. Finally, FBR & Co reissued an “outperform” rating and issued a $18.50 target price (down from $21.50) on shares of Cherry Hill Mortgage Investment Corp in a research note on Tuesday, March 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cherry Hill Mortgage Investment Corp currently has an average rating of “Hold” and a consensus price target of $18.80.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) traded down 0.06% during midday trading on Friday, hitting $18.04. The company had a trading volume of 126,451 shares. The firm has a market capitalization of $229.11 million, a P/E ratio of 2.52 and a beta of 0.34. The company has a 50 day moving average price of $17.67 and a 200 day moving average price of $17.97. Cherry Hill Mortgage Investment Corp has a 1-year low of $14.94 and a 1-year high of $19.14.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.14. The firm had revenue of $3.65 million for the quarter, compared to analyst estimates of $8.50 million. Cherry Hill Mortgage Investment Corp had a net margin of 26.82% and a return on equity of 10.45%. Cherry Hill Mortgage Investment Corp’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. Equities research analysts forecast that Cherry Hill Mortgage Investment Corp will post $2.09 earnings per share for the current fiscal year.

In other news, CFO Martin Levine purchased 2,000 shares of Cherry Hill Mortgage Investment Corp stock in a transaction dated Friday, March 24th. The shares were purchased at an average price of $16.48 per share, with a total value of $32,960.00. Following the transaction, the chief financial officer now owns 16,600 shares in the company, valued at $273,568. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 3,750 shares of company stock worth $61,835. Corporate insiders own 14.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in Cherry Hill Mortgage Investment Corp by 0.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,214 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 139 shares during the last quarter. Putnam Investments LLC raised its stake in Cherry Hill Mortgage Investment Corp by 1.2% in the fourth quarter. Putnam Investments LLC now owns 110,564 shares of the real estate investment trust’s stock valued at $2,011,000 after buying an additional 1,300 shares during the last quarter. Wells Fargo & Company MN raised its stake in Cherry Hill Mortgage Investment Corp by 77.4% in the first quarter. Wells Fargo & Company MN now owns 10,828 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 4,724 shares during the last quarter. Segantii Capital Management Ltd raised its stake in Cherry Hill Mortgage Investment Corp by 469.2% in the first quarter. Segantii Capital Management Ltd now owns 7,400 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 6,100 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Cherry Hill Mortgage Investment Corp by 68.1% in the first quarter. Bank of New York Mellon Corp now owns 21,471 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 8,701 shares during the last quarter. 47.60% of the stock is currently owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Corp Company Profile

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CHMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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