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

Cherry Hill Mortgage Investment (NYSE:CHMI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Cherry Hill Mortgage Investment Trading Down 0.2 %

Shares of CHMI stock traded down $0.01 on Wednesday, reaching $2.66. 131,277 shares of the company’s stock were exchanged, compared to its average volume of 206,688. The company’s fifty day simple moving average is $3.07 and its 200 day simple moving average is $3.46. Cherry Hill Mortgage Investment has a 52 week low of $2.50 and a 52 week high of $4.39. The stock has a market capitalization of $83.96 million, a PE ratio of -1.75 and a beta of 1.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $14.33 million for the quarter. Cherry Hill Mortgage Investment had a negative net margin of 60.97% and a positive return on equity of 15.18%. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, sell-side analysts predict that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Cherry Hill Mortgage Investment

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