Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Cherry Hill Mortgage Investment (NYSE:CHMI) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Other equities analysts have also issued reports about the stock. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities reiterated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 23rd. 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 target on the stock.

Cherry Hill Mortgage Investment Price Performance

Cherry Hill Mortgage Investment stock opened at $3.64 on Monday. The stock’s fifty day moving average price is $2.98 and its two-hundred day moving average price is $3.19. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $3.99. The firm has a market cap of $114.94 million, a PE ratio of -2.39 and a beta of 1.40.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 16.51%. The ex-dividend date was Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

Institutional Trading of Cherry Hill Mortgage Investment

A number of hedge funds and other institutional investors have recently modified their holdings of CHMI. Wolverine Asset Management LLC bought a new stake in shares of Cherry Hill Mortgage Investment during the third quarter worth $665,000. Corient Private Wealth LLC grew its position in Cherry Hill Mortgage Investment by 24.4% during the 4th quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock worth $1,634,000 after acquiring an additional 121,447 shares during the last quarter. Penserra Capital Management LLC grew 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 last quarter. Virtu Financial LLC bought a new stake in Cherry Hill Mortgage Investment during the 4th quarter worth $130,000. Finally, Northern Trust Corp grew its holdings in shares of Cherry Hill Mortgage Investment by 30.9% during the fourth quarter. Northern Trust Corp now owns 128,350 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 30,330 shares during the last quarter. Institutional investors own 18.49% of the company’s stock.

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.