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

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

Cherry Hill Mortgage Investment Stock Down 1.5 %

Shares of NYSE:CHMI opened at $2.61 on Wednesday. The firm’s 50 day moving average price is $3.06 and its 200 day moving average price is $3.45. The stock has a market cap of $82.54 million, a price-to-earnings ratio of -1.72 and a beta of 1.39. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm 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 business posted $0.16 earnings per share. On average, equities analysts anticipate that Cherry Hill Mortgage Investment will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several hedge funds have recently added to or reduced their stakes in the stock. Members Trust Co acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $49,000. Barclays PLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the third quarter worth approximately $52,000. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Cherry Hill Mortgage Investment by 133.3% during the third 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. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the third quarter worth approximately $665,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

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.