Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a report issued on Monday.

CHMI has been the topic of several other research reports. Citigroup Inc. upped their price target on Cherry Hill Mortgage Investment Corp. from $19.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research cut Cherry Hill Mortgage Investment Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cherry Hill Mortgage Investment Corp. presently has a consensus rating of “Buy” and an average price target of $19.13.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) traded down 3.45% during mid-day trading on Monday, reaching $16.50. The company’s stock had a trading volume of 82,435 shares. The firm’s market capitalization is $124.21 million. Cherry Hill Mortgage Investment Corp. has a 12 month low of $12.60 and a 12 month high of $18.02. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $15.47.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) last announced its earnings results on Tuesday, August 9th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Cherry Hill Mortgage Investment Corp. had a positive return on equity of 10.11% and a negative net margin of 8.80%. During the same quarter in the previous year, the business earned $0.48 EPS. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Corp. will post $0.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 11.88%. The ex-dividend date is Wednesday, September 28th. Cherry Hill Mortgage Investment Corp.’s dividend payout ratio (DPR) is currently -632.24%.

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 31.2% in the second quarter. Acadian Asset Management LLC now owns 273,715 shares of the company’s stock valued at $4,263,000 after buying an additional 65,092 shares during the period. Clear Harbor Asset Management LLC increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 10.7% in the first quarter. Clear Harbor Asset Management LLC now owns 115,668 shares of the company’s stock valued at $1,638,000 after buying an additional 11,147 shares during the period. Royal Bank of Canada increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 6.6% in the first quarter. Royal Bank of Canada now owns 29,000 shares of the company’s stock valued at $410,000 after buying an additional 1,797 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Cherry Hill Mortgage Investment Corp. by 74.4% in the second quarter. Parametric Portfolio Associates LLC now owns 26,961 shares of the company’s stock valued at $420,000 after buying an additional 11,502 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in shares of Cherry Hill Mortgage Investment Corp. during the second quarter valued at about $200,000. 48.23% of the stock is currently owned by institutional investors.

About Cherry Hill Mortgage Investment Corp.

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

5 Day Chart for NYSE:CHMI

Receive News & Stock Ratings for Cherry Hill Mortgage Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment Corp. and related stocks with our FREE daily email newsletter.