Goldman Sachs Group Inc. raised its stake in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) by 124.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,291 shares of the real estate investment trust’s stock after buying an additional 52,827 shares during the period. Goldman Sachs Group Inc. owned about 1.27% of Cherry Hill Mortgage Investment Corporation worth $1,629,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CHMI. Segantii Capital Management Ltd boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 469.2% in the first quarter. Segantii Capital Management Ltd now owns 7,400 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 6,100 shares during the last quarter. Laurion Capital Management LP purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation during the first quarter valued at approximately $187,000. Alliancebernstein L.P. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 144.6% in the first quarter. Alliancebernstein L.P. now owns 539,183 shares of the real estate investment trust’s stock valued at $9,215,000 after buying an additional 318,778 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Cherry Hill Mortgage Investment Corporation during the first quarter valued at approximately $1,265,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cherry Hill Mortgage Investment Corporation by 239.5% in the first quarter. JPMorgan Chase & Co. now owns 59,992 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 42,322 shares during the last quarter. 49.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) traded down 0.21% during midday trading on Monday, reaching $19.16. The company had a trading volume of 33,157 shares. The company has a market capitalization of $243.33 million, a P/E ratio of 2.68 and a beta of 0.38. The firm’s 50 day moving average price is $18.79 and its 200-day moving average price is $18.11. Cherry Hill Mortgage Investment Corporation has a 12 month low of $15.32 and a 12 month high of $19.33.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.14. Cherry Hill Mortgage Investment Corporation had a net margin of 155.62% and a return on equity of 9.35%. The business had revenue of $3.65 million for the quarter, compared to analysts’ expectations of $8.50 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Cherry Hill Mortgage Investment Corporation’s revenue was up 3.4% compared to the same quarter last year. Analysts anticipate that Cherry Hill Mortgage Investment Corporation will post $2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, June 30th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 10.21%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is currently 27.45%.

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Several brokerages recently commented on CHMI. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, July 11th. Citigroup Inc. reissued a “buy” rating and set a $19.00 target price (down previously from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a report on Sunday, May 14th. Finally, ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.00.

Cherry Hill Mortgage Investment Corporation 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.

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

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