Cherry Hill Mortgage Investment (NYSE:CHMI) Rating Lowered to “Sell” at StockNews.com

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other brokerages have also recently commented on CHMI. JMP Securities restated a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. B. Riley upgraded Cherry Hill Mortgage Investment to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Janney Montgomery Scott assumed coverage on Cherry Hill Mortgage Investment in a research note on Thursday, January 2nd. They issued a “buy” rating and a $4.00 price objective for the company.

Cherry Hill Mortgage Investment Price Performance

Shares of Cherry Hill Mortgage Investment stock opened at $3.59 on Tuesday. The business has a 50-day moving average of $3.08 and a 200 day moving average of $3.19. Cherry Hill Mortgage Investment has a 12 month low of $2.50 and a 12 month high of $3.99. The stock has a market capitalization of $113.53 million, a price-to-earnings ratio of -2.36 and a beta of 1.40.

Institutional Investors Weigh In On Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently made changes to their positions in CHMI. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of 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 acquiring an additional 16,000 shares in the last quarter. Forum Financial Management LP raised its position in shares of 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 acquiring an additional 12,600 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth about $665,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter worth about $49,000. Finally, Penserra Capital Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 49,600 shares in the last quarter. 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.