Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Rating Reaffirmed by JMP Securities

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

Several other research firms have also commented on CHMI. B. Riley reaffirmed a “buy” rating and set a $5.00 price target (down previously from $5.50) on shares of Cherry Hill Mortgage Investment in a research report on Thursday, March 21st. StockNews.com raised shares of Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research note on Friday, March 15th.

Cherry Hill Mortgage Investment Price Performance

Shares of NYSE:CHMI traded down $0.01 during midday trading on Wednesday, hitting $3.63. The company had a trading volume of 20,590 shares, compared to its average volume of 200,552. The business’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.65. The stock has a market cap of $108.97 million, a price-to-earnings ratio of -7.12 and a beta of 1.50. Cherry Hill Mortgage Investment has a twelve month low of $2.77 and a twelve month high of $4.55.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in shares of Cherry Hill Mortgage Investment during the fourth quarter worth $41,000. Penserra Capital Management LLC lifted its position in shares of Cherry Hill Mortgage Investment by 14.5% during the 3rd quarter. Penserra Capital Management LLC now owns 95,693 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 12,084 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at $89,000. Quadrature Capital Ltd purchased a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at $98,000. Finally, Vanguard Group Inc. raised its stake in Cherry Hill Mortgage Investment by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after acquiring an additional 36,039 shares in the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

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.