JMP Securities reissued a Market Perform rating on shares of Cherry Hill Mortgage Investment (NYSE:CHMI – FREE Report ) in a research report released on Wednesday, Benzinga reports.
Other research analysts have also issued reports on the company. B. Riley reaffirmed a buy rating and set a $5.00 price target (down from $5.50) on shares of Cherry Hill Mortgage Investment in a research report on Thursday, March 21st. StockNews.com upgraded Cherry Hill Mortgage Investment from a sell rating to a hold rating in a research report on Friday, March 15th.
Get the latest stock analysis for CHMI
Cherry Hill Mortgage Investments shares rose 0.4%
NYSE:CHMI shares opened trading at $3.66 on Wednesday. The company has a market cap of $109.72 million, a P/E ratio of -7.17 and a beta of 1.50. Cherry Hill Mortgage Investment's 12-month low is $2.77 and high is $4.55. The company's 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.65.
Cherry Hill Mortgage Investment Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.15 dividend. This equates to an annualized dividend of $0.60, or a dividend yield of 16.42%. The ex-dividend date is Thursday, June 27th. Cherry Hill Mortgage Investment's Dividend Payout Ratio (DPR) is currently -117.65%.
Institutional investor inflows and outflows
Hedge funds have recently made changes to their positions in this business.Global Retirement Partners LLC purchased a new stake in Cherry Hill Mortgage Investment worth about $41,000 in the fourth quarter.Oxford Asset Management LLP purchased a new stake in Cherry Hill Mortgage Investment worth about $89,000 in the fourth quarter.Quadrature Capital Ltd purchased a new stake in Cherry Hill Mortgage Investment worth about $98,000 in the fourth quarter.Jump Financial LLC purchased a new stake in Cherry Hill Mortgage Investment worth about $171,000 in the fourth quarter.Finally, Penserra Capital Management LLC increased its position in Cherry Hill Mortgage Investment by 14.5% in the third quarter. Penserra Capital Management LLC now holds 95,693 shares of the real estate investment trust's stock valued at $355,000 after purchasing an additional 12,084 shares in the last quarter. 18.49% of the stock is held by institutional investors.
About Cherry Hill Mortgage Investments
(Get your free report)
Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in and manages mortgage assets in the U.S. The company operates through the segments Investments in RMBS (Residential Mortgage Backed Securities) and Investments in Servicing Related Assets.
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