Stratos Wealth Partners LTD. purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,392 shares of the real estate investment trust’s stock, valued at approximately $210,000. Stratos Wealth Partners LTD. owned about 0.09% of Cherry Hill Mortgage Investment Corporation as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHMI. Renaissance Technologies LLC boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 23.2% in the first quarter. Renaissance Technologies LLC now owns 724,400 shares of the real estate investment trust’s stock worth $12,380,000 after buying an additional 136,400 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 144.6% in the first quarter. Alliancebernstein L.P. now owns 539,183 shares of the real estate investment trust’s stock worth $9,215,000 after buying an additional 318,778 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 59.4% in the second quarter. Acadian Asset Management LLC now owns 503,773 shares of the real estate investment trust’s stock worth $9,309,000 after buying an additional 187,738 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 6.8% in the first quarter. Vanguard Group Inc. now owns 454,854 shares of the real estate investment trust’s stock worth $7,773,000 after buying an additional 29,050 shares during the period. Finally, Ranger Global Real Estate Advisors LLC acquired a new stake in shares of Cherry Hill Mortgage Investment Corporation during the first quarter worth $2,220,000. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) opened at 18.35 on Friday. The company has a market cap of $232.95 million, a price-to-earnings ratio of 3.11 and a beta of 0.38. The stock’s 50 day moving average is $18.89 and its 200 day moving average is $18.15. Cherry Hill Mortgage Investment Corporation has a 52-week low of $15.90 and a 52-week high of $19.43.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 138.90%. The business had revenue of $5.71 million during the quarter, compared to analysts’ expectations of $4.79 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, June 30th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.68%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio is 28.08%.

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A number of brokerages have weighed in on CHMI. ValuEngine raised shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research cut shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Citigroup Inc. reissued a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a report on Sunday, May 14th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.00.

Cherry Hill Mortgage Investment Corporation Company Profile

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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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

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