Barclays PLC Takes Position in Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Barclays PLC bought a new stake in Cherry Hill Mortgage Investment Co. (NYSE:CHMI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 14,228 shares of the real estate investment trust’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Members Trust Co bought a new stake in shares of Cherry Hill Mortgage Investment during the third quarter valued at approximately $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cherry Hill Mortgage Investment in the 3rd quarter valued at $49,000. Hudson Valley Investment Advisors Inc. ADV grew its position in Cherry Hill Mortgage Investment by 133.3% in 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 purchasing an additional 16,000 shares during the period. Wolverine Asset Management LLC bought a new stake in Cherry Hill Mortgage Investment during the 3rd quarter valued at $665,000. Finally, Penserra Capital Management LLC raised its holdings in 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 buying an additional 49,600 shares during the last quarter. 18.49% of the stock is owned by institutional investors.

Cherry Hill Mortgage Investment Stock Performance

Shares of NYSE CHMI opened at $2.81 on Friday. The stock has a fifty day moving average of $2.77 and a 200-day moving average of $3.31. The stock has a market cap of $88.87 million, a PE ratio of -1.85 and a beta of 1.38. Cherry Hill Mortgage Investment Co. has a fifty-two week low of $2.50 and a fifty-two week high of $4.10.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business 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 prior year, the company earned $0.16 EPS. On average, sell-side analysts predict that Cherry Hill Mortgage Investment Co. will post 0.38 EPS for the current year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 21.35%. The ex-dividend date is Tuesday, December 31st. Cherry Hill Mortgage Investment’s payout ratio is presently -39.47%.

Analyst Ratings Changes

CHMI has been the subject of several recent research reports. Janney Montgomery Scott assumed 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 target price for the company. StockNews.com raised Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Friday, January 3rd.

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.