Cherry Hill Mortgage Investment Corp (CHMI) Shares Bought by Bank of New York Mellon Corp

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Bank of New York Mellon Corp increased its holdings in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 9.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 111,172 shares of the real estate investment trust’s stock after acquiring an additional 9,139 shares during the period. Bank of New York Mellon Corp’s holdings in Cherry Hill Mortgage Investment were worth $1,950,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CHMI. Renaissance Technologies LLC increased its holdings in Cherry Hill Mortgage Investment by 6.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,264,900 shares of the real estate investment trust’s stock worth $22,895,000 after purchasing an additional 76,200 shares during the period. JPMorgan Chase & Co. increased its holdings in Cherry Hill Mortgage Investment by 82.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 605,443 shares of the real estate investment trust’s stock worth $10,958,000 after purchasing an additional 273,835 shares during the period. Summit Global Investments increased its holdings in Cherry Hill Mortgage Investment by 3.0% during the 4th quarter. Summit Global Investments now owns 41,000 shares of the real estate investment trust’s stock worth $719,000 after purchasing an additional 1,200 shares during the period. MetLife Investment Advisors LLC purchased a new position in Cherry Hill Mortgage Investment during the 3rd quarter worth $225,000. Finally, SG Americas Securities LLC increased its holdings in Cherry Hill Mortgage Investment by 347.4% during the 4th quarter. SG Americas Securities LLC now owns 25,891 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 20,104 shares during the period. 59.65% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on CHMI shares. Zacks Investment Research upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Wedbush set a $20.00 price target on Cherry Hill Mortgage Investment and gave the company a “buy” rating in a report on Tuesday, January 22nd. Finally, ValuEngine downgraded Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Cherry Hill Mortgage Investment has an average rating of “Hold” and an average target price of $19.33.

Shares of NYSE:CHMI opened at $17.44 on Tuesday. Cherry Hill Mortgage Investment Corp has a 12-month low of $16.30 and a 12-month high of $19.35. The firm has a market capitalization of $289.04 million, a PE ratio of 7.75 and a beta of 0.35.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Monday, March 18th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.15. Cherry Hill Mortgage Investment had a return on equity of 12.07% and a net margin of 64.66%. The business had revenue of $6.57 million for the quarter, compared to the consensus estimate of $5.17 million. As a group, sell-side analysts anticipate that Cherry Hill Mortgage Investment Corp will post 2.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 18th will be issued a $0.49 dividend. The ex-dividend date is Friday, March 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.24%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently 87.11%.

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Cherry Hill Mortgage Investment 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 and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment (NYSE:CHMI)

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