Cherry Hill Mortgage Investment’s (CHMI) “Market Perform” Rating Reiterated at JMP Securities

Cherry Hill Mortgage Investment (NYSE:CHMI)‘s stock had its “market perform” rating reiterated by JMP Securities in a report issued on Thursday,Benzinga reports.

Several other equities analysts have also commented on the stock. B. Riley upgraded shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a research report on Tuesday, January 7th. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price target on the stock. Finally, StockNews.com downgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th.

Cherry Hill Mortgage Investment Stock Performance

Shares of CHMI traded up $0.02 during mid-day trading on Thursday, reaching $3.03. The stock had a trading volume of 25,558 shares, compared to its average volume of 334,955. The firm has a market cap of $95.65 million, a price-to-earnings ratio of -1.99 and a beta of 1.38. Cherry Hill Mortgage Investment has a 12 month low of $2.50 and a 12 month high of $3.99. The business has a fifty day moving average of $2.71 and a 200 day moving average of $3.25.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. The firm had revenue of $14.33 million during the quarter. During the same period in the prior year, the firm posted $0.16 EPS. On average, research analysts forecast that Cherry Hill Mortgage Investment will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CHMI. Renaissance Technologies LLC boosted its stake in Cherry Hill Mortgage Investment by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 37,300 shares in the last quarter. Members Trust Co purchased a new position in Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $47,000. Hudson Valley Investment Advisors Inc. ADV raised its position in Cherry Hill Mortgage Investment by 133.3% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 28,000 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 16,000 shares during the last quarter. Forum Financial Management LP raised its position in Cherry Hill Mortgage Investment by 4.4% during the 3rd quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock worth $1,084,000 after buying an additional 12,600 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Cherry Hill Mortgage Investment during the 3rd quarter worth approximately $665,000. Hedge funds and other institutional investors own 18.49% of the company’s stock.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.