Cherry Hill Mortgage Investment (NYSE:CHMI) Stock Rating Upgraded by StockNews.com

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

Other equities research analysts have also recently issued research reports about the stock. JMP Securities reissued a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 2nd. They set a “buy” rating and a $4.00 target price on the stock. Finally, B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th.

Cherry Hill Mortgage Investment Price Performance

Shares of CHMI stock opened at $3.57 on Monday. The company’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.19. Cherry Hill Mortgage Investment has a 1 year low of $2.50 and a 1 year high of $3.99. The stock has a market capitalization of $112.74 million, a price-to-earnings ratio of -2.35 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its stake in Cherry Hill Mortgage Investment by 24.4% in the fourth quarter. Corient Private Wealth LLC now owns 619,121 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 121,447 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 7.6% during the third quarter. Geode Capital Management LLC now owns 337,392 shares of the real estate investment trust’s stock worth $1,225,000 after purchasing an additional 23,947 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 83.0% during the fourth quarter. Wolverine Asset Management LLC now owns 335,153 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 151,989 shares during the period. Forum Financial Management LP boosted its holdings in shares of Cherry Hill Mortgage Investment by 4.4% during the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock worth $1,084,000 after purchasing an additional 12,600 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in shares of Cherry Hill Mortgage Investment by 22.9% during the third quarter. Penserra Capital Management LLC now owns 265,787 shares of the real estate investment trust’s stock worth $964,000 after purchasing an additional 49,600 shares during the period. 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.