Cherry Hill Mortgage Inv (CHMI) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Cherry Hill Mortgage Inv (NYSE:CHMI) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $21.00 price objective on the real estate investment trust’s stock.

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. “

A number of other brokerages have also issued reports on CHMI. B. Riley set a $20.00 target price on Cherry Hill Mortgage Inv and gave the stock a buy rating in a research report on Thursday, May 10th. ValuEngine lowered Cherry Hill Mortgage Inv from a buy rating to a hold rating in a report on Wednesday, May 2nd.



Shares of Cherry Hill Mortgage Inv opened at $19.03 on Wednesday, according to MarketBeat. Cherry Hill Mortgage Inv has a 1 year low of $16.01 and a 1 year high of $19.43. The stock has a market cap of $239.54 million, a PE ratio of 8.57 and a beta of 0.22.

Cherry Hill Mortgage Inv (NYSE:CHMI) last announced its earnings results on Friday, March 16th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Cherry Hill Mortgage Inv had a return on equity of 10.98% and a net margin of 122.16%. The business had revenue of $6.98 million for the quarter, compared to analyst estimates of $5.84 million. research analysts predict that Cherry Hill Mortgage Inv will post 1.99 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Cherry Hill Mortgage Inv by 10.3% in the first quarter. Principal Financial Group Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $514,000 after buying an additional 2,723 shares during the last quarter. Quantitative Systematic Strategies LLC increased its holdings in Cherry Hill Mortgage Inv by 14.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 25,227 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 3,134 shares during the last quarter. Martingale Asset Management L P increased its holdings in Cherry Hill Mortgage Inv by 2.3% in the fourth quarter. Martingale Asset Management L P now owns 142,152 shares of the real estate investment trust’s stock valued at $2,558,000 after buying an additional 3,207 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Cherry Hill Mortgage Inv by 16.1% in the first quarter. Thrivent Financial for Lutherans now owns 23,739 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 3,285 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Cherry Hill Mortgage Inv by 327.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,949 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 6,857 shares during the last quarter. 49.60% of the stock is owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Inv Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

Get a free copy of the Zacks research report on Cherry Hill Mortgage Inv (CHMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply