Cherry Hill Mortgage Investment (NYSE:CHMI) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Cherry Hill Mortgage Investment has received a "Sell (D+)" rating from Weiss Ratings, indicating a negative outlook for the stock.
• Shares of Cherry Hill Mortgage Investment increased by 1.7% to $2.45, with an average target price of $4.00 according to MarketBeat.
• The company reported a quarterly loss with an EPS of $0.10, falling short of analysts' estimates, despite revenues exceeding expectations at $6.04 million.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report)'s stock had its "sell (d+)" rating restated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Cherry Hill Mortgage Investment from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $4.00.

Cherry Hill Mortgage Investment Stock Up 1.7%

Shares of Cherry Hill Mortgage Investment stock traded up $0.04 during trading on Wednesday, hitting $2.45. The stock had a trading volume of 429,295 shares, compared to its average volume of 371,563. The company has a market capitalization of $88.30 million, a PE ratio of -4.71 and a beta of 0.96. The stock has a 50 day simple moving average of $2.76 and a 200 day simple moving average of $2.85. Cherry Hill Mortgage Investment has a 1 year low of $2.34 and a 1 year high of $3.68.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $6.04 million for the quarter, compared to analyst estimates of $2.19 million. Cherry Hill Mortgage Investment had a positive return on equity of 15.55% and a negative net margin of 14.28%. As a group, equities analysts expect that Cherry Hill Mortgage Investment will post 0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several institutional investors and hedge funds have recently modified their holdings of CHMI. Banco BTG Pactual S.A. acquired a new position in shares of Cherry Hill Mortgage Investment in the first quarter valued at $36,000. Wealth Preservation Advisors LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the first quarter valued at about $33,000. Vident Advisory LLC bought a new stake in shares of Cherry Hill Mortgage Investment in the first quarter valued at about $123,000. Jane Street Group LLC boosted its position in shares of Cherry Hill Mortgage Investment by 262.5% in the first quarter. Jane Street Group LLC now owns 93,672 shares of the real estate investment trust's stock valued at $309,000 after acquiring an additional 67,832 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in Cherry Hill Mortgage Investment during the second quarter worth about $66,000. 18.49% of the stock is currently owned by institutional investors and hedge funds.

About Cherry Hill Mortgage Investment

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.

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