Zacks Investment Research lowered shares of Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) from a strong-buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States. “

A number of other research firms have also commented on CHMI. TheStreet raised Cherry Hill Mortgage Investment Corp. from a sell rating to a hold rating in a research note on Monday, October 3rd. Wedbush assumed coverage on Cherry Hill Mortgage Investment Corp. in a research note on Wednesday, October 5th. They set a neutral rating and a $17.50 price objective on the stock. Finally, Citigroup Inc. increased their price objective on Cherry Hill Mortgage Investment Corp. from $19.00 to $21.00 and gave the company a buy rating in a research note on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.80.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) opened at 16.38 on Tuesday. The stock’s market capitalization is $123.31 million. The firm’s 50-day moving average is $16.76 and its 200-day moving average is $15.54. Cherry Hill Mortgage Investment Corp. has a 52-week low of $12.60 and a 52-week high of $18.02.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $0.48 EPS. Analysts predict that Cherry Hill Mortgage Investment Corp. will post $0.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, September 30th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.96 annualized dividend and a yield of 11.97%. Cherry Hill Mortgage Investment Corp.’s dividend payout ratio (DPR) is presently -632.24%.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cherry Hill Mortgage Investment Corp. by 0.5% in the second quarter. Vanguard Group Inc. now owns 401,188 shares of the company’s stock valued at $6,246,000 after buying an additional 2,163 shares during the period. Acadian Asset Management LLC increased its position in 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 worth $4,263,000 after buying an additional 65,092 shares during the period. BlackRock Fund Advisors increased its position in Cherry Hill Mortgage Investment Corp. by 44.4% in the second quarter. BlackRock Fund Advisors now owns 174,088 shares of the company’s stock worth $2,711,000 after buying an additional 53,543 shares during the period. Clear Harbor Asset Management LLC increased its position in 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 worth $1,638,000 after buying an additional 11,147 shares during the period. Finally, Renaissance Technologies LLC increased its position in Cherry Hill Mortgage Investment Corp. by 5.3% in the first quarter. Renaissance Technologies LLC now owns 99,900 shares of the company’s stock worth $1,415,000 after buying an additional 5,008 shares during the period. Hedge funds and other institutional investors own 48.23% of the company’s stock.

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.

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