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

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

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

Cherry Hill Mortgage Investment Stock Down 0.8 %

CHMI opened at $3.59 on Tuesday. The firm has a market cap of $113.53 million, a price-to-earnings ratio of -2.36 and a beta of 1.40. Cherry Hill Mortgage Investment has a 52 week low of $2.50 and a 52 week high of $3.99. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.19.

Institutional Trading of Cherry Hill Mortgage Investment

A number of institutional investors have recently modified their holdings of CHMI. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Cherry Hill Mortgage Investment by 133.3% in the third 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. Forum Financial Management LP boosted its stake in shares of Cherry Hill Mortgage Investment by 4.4% in the third quarter. Forum Financial Management LP now owns 298,600 shares of the real estate investment trust’s stock valued at $1,084,000 after buying an additional 12,600 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $665,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cherry Hill Mortgage Investment in the third quarter valued at approximately $49,000. Finally, Penserra Capital Management LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 22.9% in the third 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.

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.