Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $20.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.19% from the company’s previous close.

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. “

Separately, ValuEngine downgraded shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.13.

Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at 18.15 on Wednesday. Cherry Hill Mortgage Investment Corporation has a 12 month low of $16.00 and a 12 month high of $19.43. The stock has a 50 day moving average of $18.41 and a 200 day moving average of $18.21. The firm has a market capitalization of $230.65 million, a PE ratio of 3.07 and a beta of 0.38.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The firm had revenue of $5.71 million during the quarter, compared to analyst estimates of $4.79 million. During the same quarter last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.19 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Cherry Hill Mortgage Investment Corporation by 0.9% in the second quarter. Wells Fargo & Company MN now owns 10,928 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 100 shares in the last quarter. C M Bidwell & Associates Ltd. raised its stake in Cherry Hill Mortgage Investment Corporation by 19.4% in the second quarter. C M Bidwell & Associates Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 1,510 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in Cherry Hill Mortgage Investment Corporation by 8.7% in the second quarter. Monarch Partners Asset Management LLC now owns 24,862 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 2,000 shares in the last quarter. Sei Investments Co. raised its stake in Cherry Hill Mortgage Investment Corporation by 102.6% in the second quarter. Sei Investments Co. now owns 8,570 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 4,339 shares in the last quarter. Finally, Segantii Capital Management Ltd raised its stake in shares of Cherry Hill Mortgage Investment Corporation by 469.2% during the first quarter. Segantii Capital Management Ltd now owns 7,400 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 6,100 shares in the last quarter. 62.41% of the stock is currently owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment Corporation

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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