B. Riley Upgrades Cherry Hill Mortgage Investment (NYSE:CHMI) to “Strong-Buy”

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by analysts at B. Riley to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

CHMI has been the subject of several other research reports. StockNews.com upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Janney Montgomery Scott initiated coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price target for the company.

Cherry Hill Mortgage Investment Stock Performance

Cherry Hill Mortgage Investment stock opened at $2.81 on Tuesday. Cherry Hill Mortgage Investment has a fifty-two week low of $2.50 and a fifty-two week high of $4.10. The stock has a market cap of $88.87 million, a P/E ratio of -1.85 and a beta of 1.38. The firm’s fifty day moving average price is $2.77 and its 200-day moving average price is $3.31.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data 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). The firm had revenue of $14.33 million for the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same quarter last year, the company posted $0.16 earnings per share. On average, analysts predict that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds have recently bought and sold shares of the business. Members Trust Co purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter worth $47,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Cherry Hill Mortgage Investment in the 3rd quarter worth about $49,000. Barclays PLC purchased a new stake in Cherry Hill Mortgage Investment during the 3rd quarter valued at about $52,000. Hudson Valley Investment Advisors Inc. ADV increased its stake 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 valued at $102,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Cherry Hill Mortgage Investment in the third quarter worth about $665,000. Institutional investors own 18.49% of the company’s stock.

Cherry Hill Mortgage Investment 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. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.