Cherry Hill Mortgage Investment (NYSE:CHMI) Rating Increased to Hold at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Several other analysts also recently weighed in on CHMI. B. Riley raised 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 report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price objective on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 23rd.

Cherry Hill Mortgage Investment Stock Performance

Cherry Hill Mortgage Investment stock traded up $0.07 during mid-day trading on Monday, hitting $3.56. The company’s stock had a trading volume of 173,479 shares, compared to its average volume of 245,732. The company has a 50 day moving average of $2.94 and a 200-day moving average of $3.19. Cherry Hill Mortgage Investment has a one year low of $2.50 and a one year high of $3.99. The stock has a market cap of $112.41 million, a PE ratio of -2.34 and a beta of 1.40.

Institutional Trading of Cherry Hill Mortgage Investment

A number of large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at approximately $665,000. Barclays PLC acquired a new stake in shares of Cherry Hill Mortgage Investment in the 3rd quarter valued at approximately $52,000. Geode Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 7.6% in the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 23,947 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cherry Hill Mortgage Investment in the third quarter worth $49,000. Finally, Penserra Capital Management LLC lifted its holdings in Cherry Hill Mortgage Investment by 22.9% in the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock valued at $964,000 after acquiring an additional 49,600 shares during the period. Institutional investors and hedge funds 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.