Cherry Hill Mortgage Investment (NYSE:CHMI) Rating Lowered to “Sell” at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other equities analysts have also weighed in on CHMI. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 target price for the company. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th.

Cherry Hill Mortgage Investment Trading Up 2.2 %

Shares of NYSE:CHMI opened at $2.82 on Tuesday. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The company’s 50 day moving average is $2.74 and its 200 day moving average is $3.28. The company has a market cap of $89.18 million, a PE ratio of -1.86 and a beta of 1.38.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly 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 business had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same quarter last year, the firm posted $0.16 earnings per share. Equities research analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds have recently made changes to their positions in CHMI. Forum Financial Management LP increased its position in shares of Cherry Hill Mortgage Investment by 4.4% during the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock worth $1,084,000 after purchasing an additional 12,600 shares in the last quarter. Members Trust Co acquired a new position in Cherry Hill Mortgage Investment during the third quarter worth about $47,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Cherry Hill Mortgage Investment during the 3rd quarter valued at about $49,000. Barclays PLC purchased a new position in Cherry Hill Mortgage Investment in the 3rd quarter worth approximately $52,000. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Cherry Hill Mortgage Investment by 133.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 16,000 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

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.