Cherry Hill Mortgage Investment (NYSE:CHMI – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Cherry Hill Mortgage Investment Stock Performance
NYSE:CHMI opened at $3.53 on Friday. Cherry Hill Mortgage Investment has a 52 week low of $2.77 and a 52 week high of $6.92. The firm’s fifty day moving average is $3.84 and its 200-day moving average is $3.75. The firm has a market cap of $95.24 million, a P/E ratio of -1.77 and a beta of 1.47.
Institutional Trading of Cherry Hill Mortgage Investment
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Cherry Hill Mortgage Investment by 0.8% in the 1st quarter. BlackRock Inc. now owns 359,448 shares of the real estate investment trust’s stock valued at $1,984,000 after buying an additional 2,769 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cherry Hill Mortgage Investment by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 175,232 shares of the real estate investment trust’s stock worth $1,016,000 after purchasing an additional 2,953 shares during the period. State Street Corp raised its position in shares of Cherry Hill Mortgage Investment by 6.5% during the first quarter. State Street Corp now owns 51,982 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 3,172 shares during the period. Royal Bank of Canada lifted its holdings in shares of Cherry Hill Mortgage Investment by 16.3% in the 3rd quarter. Royal Bank of Canada now owns 26,262 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 3,688 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Cherry Hill Mortgage Investment by 29.0% in the 1st quarter. Penserra Capital Management LLC now owns 32,846 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 7,380 shares during the period. Institutional investors own 13.71% 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. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments.
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