Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 619,121 shares of the real estate investment trust’s stock after purchasing an additional 121,447 shares during the period. Corient Private Wealth LLC owned 1.96% of Cherry Hill Mortgage Investment worth $1,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its position in shares of Cherry Hill Mortgage Investment by 83.0% during the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 151,989 shares during the period. Penserra Capital Management LLC boosted its position in 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 acquiring an additional 49,600 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 23,947 shares during the period. Barclays PLC bought a new stake in shares of Cherry Hill Mortgage Investment during the third quarter valued at about $52,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cherry Hill Mortgage Investment in the third quarter worth about $49,000. Institutional investors own 18.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CHMI shares. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, March 7th. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective on the stock.

Cherry Hill Mortgage Investment Stock Performance

Shares of NYSE:CHMI opened at $3.66 on Tuesday. The stock has a market capitalization of $115.59 million, a price-to-earnings ratio of -2.40 and a beta of 1.43. Cherry Hill Mortgage Investment Co. has a 1-year low of $2.50 and a 1-year high of $3.99. The company has a 50 day moving average price of $3.38 and a 200 day moving average price of $3.19.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, March 6th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.50 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. On average, sell-side analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 16.42%. The ex-dividend date is Monday, March 31st. Cherry Hill Mortgage Investment’s dividend payout ratio is presently 1,000.00%.

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.