Cherry Hill Mortgage Investment Corp. (NYSE:chmi) declared a quarterly dividend on Friday, September 9th. Stockholders of record on Friday, September 30th will be given a dividend of 0.49 per share on Tuesday, October 25th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date is Wednesday, September 28th.

Several hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in Cherry Hill Mortgage Investment Corp. by 74.4% in the second quarter. Parametric Portfolio Associates LLC now owns 26,961 shares of the company’s stock worth $420,000 after buying an additional 11,502 shares during the period. KCG Holdings Inc. bought a new stake in Cherry Hill Mortgage Investment Corp. during the second quarter worth about $200,000. BlackRock Fund Advisors raised its stake in Cherry Hill Mortgage Investment Corp. by 44.4% in the second quarter. BlackRock Fund Advisors now owns 174,088 shares of the company’s stock worth $2,711,000 after buying an additional 53,543 shares during the period. Finally, Vanguard Group Inc. raised its stake in Cherry Hill Mortgage Investment Corp. by 0.5% in the second quarter. Vanguard Group Inc. now owns 401,188 shares of the company’s stock worth $6,246,000 after buying an additional 2,163 shares during the period. 48.23% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on CHMI. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, June 8th. Citigroup Inc. boosted their target price on shares of Cherry Hill Mortgage Investment Corp. from $19.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Cherry Hill Mortgage Investment Corp. has an average rating of “Buy” and an average target price of $19.13.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) traded up 0.280% during midday trading on Friday, reaching $17.529. 6,911 shares of the company were exchanged. The stock’s market capitalization is $131.96 million. The firm’s 50-day moving average price is $16.35 and its 200 day moving average price is $15.28. Cherry Hill Mortgage Investment Corp. has a 52-week low of $12.60 and a 52-week high of $17.58.

Cherry Hill Mortgage Investment Corp. (NYSE:CHMI) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Cherry Hill Mortgage Investment Corp. had a negative net margin of 8.80% and a positive return on equity of 10.11%. During the same period last year, the business earned $0.48 earnings per share. Equities analysts predict that Cherry Hill Mortgage Investment Corp. will post $0.42 earnings per share for the current year.

Cherry Hill Mortgage Investment Corp. Company Profile

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

5 Day Chart for NYSE:CHMI

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