Cherry Hill Mortgage Investment’s (CHMI) “Market Perform” Rating Reiterated at JMP Securities

Cherry Hill Mortgage Investment (NYSE:CHMI)‘s stock had its “market perform” rating reaffirmed by research analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports.

Other equities analysts have also issued research reports about the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target on the stock. Finally, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th.

Cherry Hill Mortgage Investment Trading Up 1.1 %

Shares of Cherry Hill Mortgage Investment stock opened at $3.09 on Thursday. Cherry Hill Mortgage Investment has a 1 year low of $2.50 and a 1 year high of $3.99. The company’s fifty day simple moving average is $2.72 and its 200-day simple moving average is $3.24. The company has a market cap of $97.55 million, a price-to-earnings ratio of -2.03 and a beta of 1.38.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The company had revenue of $14.33 million for the quarter. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth about $665,000. Penserra Capital Management LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 49,600 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 37,300 shares during the last quarter. Geode Capital Management LLC lifted its position in Cherry Hill Mortgage Investment by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after buying an additional 23,947 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in 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 buying an additional 16,000 shares in the last quarter. Institutional investors 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.