Cherry Hill Mortgage Investment (NYSE:CHMI) Given Market Perform Rating at JMP Securities

JMP Securities reissued their market perform rating on shares of Cherry Hill Mortgage Investment (NYSE:CHMI) in a report issued on Thursday morning,Benzinga reports.

A number of other brokerages have also recently issued reports on CHMI. Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They issued a “buy” rating and a $4.00 target price on the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th.

Cherry Hill Mortgage Investment Stock Up 1.1 %

NYSE:CHMI opened at $3.09 on Thursday. The firm has a market capitalization of $97.55 million, a P/E ratio of -2.03 and a beta of 1.38. Cherry Hill Mortgage Investment has a twelve month low of $2.50 and a twelve month high of $3.99. The company has a fifty day moving average of $2.72 and a 200-day moving average of $3.24.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data 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 previous year, the business earned $0.16 earnings per share. On average, analysts anticipate that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 19.45%. The ex-dividend date of this dividend is Tuesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is currently -39.47%.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHMI. Renaissance Technologies LLC grew its holdings in shares of Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after acquiring an additional 37,300 shares in the last quarter. Geode Capital Management LLC grew its stake in Cherry Hill Mortgage Investment by 7.6% in the 3rd 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. Forum Financial Management LP increased its position in shares of Cherry Hill Mortgage Investment by 4.4% during the 3rd quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after purchasing an additional 12,600 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of 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 purchasing an additional 49,600 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cherry Hill Mortgage Investment in the 3rd quarter worth about $665,000. Hedge funds and other 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.