Analysts Set Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) PT at $2.75

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) have received an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $3.00.

A number of brokerages have commented on CHMI. Credit Suisse Group set a $3.00 price objective on Cherry Hill Mortgage Investment in a research note on Thursday. Janney Montgomery Scott downgraded Cherry Hill Mortgage Investment from a “buy” rating to a “neutral” rating in a report on Monday, October 13th. Citigroup reissued an “outperform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Cherry Hill Mortgage Investment from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of institutional investors have recently added to or reduced their stakes in CHMI. Corient Private Wealth LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the second quarter valued at about $908,000. Ritholtz Wealth Management acquired a new position in shares of Cherry Hill Mortgage Investment in the second quarter worth about $66,000. PVG Asset Management Corp purchased a new position in Cherry Hill Mortgage Investment in the second quarter valued at about $135,000. Sheets Smith Investment Management acquired a new stake in Cherry Hill Mortgage Investment during the 3rd quarter valued at approximately $132,000. Finally, Naviter Wealth LLC acquired a new stake in Cherry Hill Mortgage Investment during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment Stock Up 0.9%

Cherry Hill Mortgage Investment stock opened at $2.72 on Tuesday. Cherry Hill Mortgage Investment has a 52-week low of $2.17 and a 52-week high of $3.68. The firm has a fifty day moving average of $2.54 and a 200-day moving average of $2.61. The firm has a market capitalization of $99.75 million, a P/E ratio of 135.75 and a beta of 1.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Cherry Hill Mortgage Investment had a net margin of 14.15% and a return on equity of 16.17%. The business had revenue of $8.57 million for the quarter, compared to analyst estimates of $2.87 million. On average, research analysts expect that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently 2,000.00%.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation is a real estate investment trust that focuses on acquiring, financing and managing residential mortgage loans and mortgage-related securities. The company’s portfolio consists primarily of agency and non-agency residential mortgage loans secured by single-family residences, together with mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

CHMI employs active portfolio management strategies intended to generate current income and total return for its shareholders.