Shares of Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.17.

CHMI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, August 12th. Citigroup Inc. increased their price target on shares of Cherry Hill Mortgage Investment Corp. from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Wedbush initiated coverage on shares of Cherry Hill Mortgage Investment Corp. in a research note on Wednesday, October 5th. They set a “neutral” rating and a $17.50 price target on the stock. Finally, TheStreet upgraded shares of Cherry Hill Mortgage Investment Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. purchased a new position in Cherry Hill Mortgage Investment Corp. during the second quarter worth about $200,000. BlackRock Group LTD purchased a new position in Cherry Hill Mortgage Investment Corp. during the third quarter worth about $223,000. Jacobs Levy Equity Management Inc. purchased a new position in Cherry Hill Mortgage Investment Corp. during the first quarter worth about $263,000. Emerald Acquisition Ltd. purchased a new position in Cherry Hill Mortgage Investment Corp. during the second quarter worth about $311,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in Cherry Hill Mortgage Investment Corp. by 248.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,754 shares of the company’s stock worth $321,000 after buying an additional 13,378 shares during the last quarter. Institutional investors and hedge funds own 48.38% of the company’s stock.

Shares of Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) opened at 16.70 on Wednesday. The company has a market cap of $125.43 million, a P/E ratio of 15.34 and a beta of 0.27. The stock has a 50 day moving average of $16.48 and a 200 day moving average of $15.84. 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 released its quarterly earnings data on Wednesday, November 9th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Cherry Hill Mortgage Investment Corp. had a net margin of 26.82% and a return on equity of 10.45%. During the same period last year, the firm posted $0.47 EPS. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Corp. will post $0.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Friday, September 30th were paid a $0.49 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.96 dividend on an annualized basis and a yield of 11.74%. Cherry Hill Mortgage Investment Corp.’s payout ratio is presently 179.82%.

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

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