Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.50.

Several brokerages have weighed in on CHMI. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, July 11th. Citigroup Inc. reissued a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a research note on Sunday, May 14th. Finally, ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised 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 last quarter. Segantii Capital Management Ltd raised its stake in shares of Cherry Hill Mortgage Investment Corporation by 469.2% in the first quarter. Segantii Capital Management Ltd now owns 7,400 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 6,100 shares during the last quarter. Laurion Capital Management LP purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation during the first quarter worth about $187,000. Alliancebernstein L.P. raised 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 last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation during the first quarter worth about $1,265,000. Institutional investors and hedge funds own 52.00% of the company’s stock.

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Shares of Cherry Hill Mortgage Investment Corporation (CHMI) traded up 0.38% on Friday, hitting $18.68. 18,800 shares of the company’s stock traded hands. The company has a market cap of $237.39 million, a price-to-earnings ratio of 3.16 and a beta of 0.38. The firm’s 50-day moving average price is $18.87 and its 200 day moving average price is $18.17. Cherry Hill Mortgage Investment Corporation has a 1-year low of $15.90 and a 1-year high of $19.43.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Cherry Hill Mortgage Investment Corporation will post $2.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, June 30th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 10.53%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is presently 28.08%.

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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