Root Financial Partners LLC Makes New $32,000 Investment in Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Root Financial Partners LLC bought a new position in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,158 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $49,000. Barclays PLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $52,000. 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 valued at $102,000 after buying an additional 16,000 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment during the 3rd quarter valued at $665,000. 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 valued at $964,000 after buying an additional 49,600 shares in the last quarter. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CHMI shares. Janney Montgomery Scott started coverage on shares of Cherry Hill Mortgage Investment in a research report on Thursday, January 2nd. They set a “buy” rating and a $4.00 price objective on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a report on Thursday, January 23rd. B. Riley raised shares of Cherry Hill Mortgage Investment to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th.

Cherry Hill Mortgage Investment Stock Up 1.9 %

Shares of Cherry Hill Mortgage Investment stock opened at $3.56 on Friday. The firm has a market cap of $112.41 million, a PE ratio of -2.34 and a beta of 1.40. Cherry Hill Mortgage Investment Co. has a 12-month low of $2.50 and a 12-month high of $3.99. The company’s fifty day simple moving average is $2.93 and its two-hundred day simple moving average is $3.20.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly 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 firm had revenue of $14.33 million during the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 15.18% and a negative net margin of 60.97%. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that Cherry Hill Mortgage Investment Co. will post 0.38 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 16.88%. The ex-dividend date of this dividend was Tuesday, December 31st. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is presently -39.47%.

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.