Cherry Hill Mortgage Investment Corporation (NYSE:CHMI – Get Free Report) has earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.00.

CHMI has been the subject of a number of research reports. Wall Street Zen downgraded Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. B. Riley Financial lowered shares of Cherry Hill Mortgage Investment to a “neutral” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, June 24th.

Read Our Latest Analysis on CHMI

NYSE:CHMI traded up $0.34 during midday trading on Monday, reaching $2.75. 4,115,882 shares of the stock traded hands, compared to its average volume of 225,197. The stock has a market capitalization of $101.07 million, a PE ratio of 25.02 and a beta of 0.93. The business has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.51. Cherry Hill Mortgage Investment has a 12-month low of $2.17 and a 12-month high of $3.04.

Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Cherry Hill Mortgage Investment had a net margin of 18.88% and a return on equity of 17.95%. Research analysts anticipate that Cherry Hill Mortgage Investment will post 0.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.5%. Cherry Hill Mortgage Investment’s dividend payout ratio is 363.64%.

A number of institutional investors and hedge funds have recently made changes to their positions in CHMI. XTX Topco Ltd purchased a new position in Cherry Hill Mortgage Investment during the fourth quarter worth $27,000. Glenview Trust co acquired a new stake in Cherry Hill Mortgage Investment during the second quarter worth about $34,000. Envestnet Asset Management Inc. purchased a new stake in Cherry Hill Mortgage Investment during the second quarter worth approximately $45,000. Gables Capital Management Inc. acquired a new stake in Cherry Hill Mortgage Investment in the 2nd quarter valued at $46,000. Finally, JPMorgan Chase & Co. boosted its holdings in Cherry Hill Mortgage Investment by 27,027.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,074 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 20,000 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

(Get Free Report)

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.

• Five stocks we like better than Cherry Hill Mortgage Investment
• These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
• First Solar’s Profit Engine Faces a New Policy Test in Washington
• 5 Stocks the Market Rewarded After Strong Earnings Results
• Is Wingstop’s Growth Story Losing Steam?

Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Driven Brands (DRVN) versus The Competition Head-To-Head Review

Head-To-Head Analysis: Pyxis Oncology (NASDAQ:PYXS) and GenSight Biologics (OTCMKTS:GSGTF)