Cornerstone Capital Management Holdings LLC. grew its position in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 314.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,800 shares of the real estate investment trust’s stock after purchasing an additional 52,200 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.54% of Cherry Hill Mortgage Investment worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of Cherry Hill Mortgage Investment by 56.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,132,300 shares of the real estate investment trust’s stock worth $20,914,000 after purchasing an additional 407,900 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cherry Hill Mortgage Investment by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 543,522 shares of the real estate investment trust’s stock worth $10,038,000 after acquiring an additional 88,668 shares during the period. ClariVest Asset Management LLC lifted its holdings in shares of Cherry Hill Mortgage Investment by 3.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 276,300 shares of the real estate investment trust’s stock worth $5,001,000 after acquiring an additional 8,700 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Cherry Hill Mortgage Investment by 80.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 171,503 shares of the real estate investment trust’s stock worth $3,168,000 after acquiring an additional 76,212 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Cherry Hill Mortgage Investment by 423.4% during the 2nd quarter. Northern Trust Corp now owns 133,888 shares of the real estate investment trust’s stock worth $2,473,000 after acquiring an additional 108,310 shares during the period. 58.00% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Corp (NYSE CHMI) opened at $18.42 on Friday. The firm has a market cap of $234.46, a PE ratio of 2.73 and a beta of 0.37. Cherry Hill Mortgage Investment Corp has a 1-year low of $16.40 and a 1-year high of $19.43.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Cherry Hill Mortgage Investment had a net margin of 136.70% and a return on equity of 9.49%. The business had revenue of $5.84 million for the quarter, compared to analyst estimates of $5.55 million. During the same period in the prior year, the firm posted $0.54 EPS. analysts expect that Cherry Hill Mortgage Investment Corp will post 2.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be issued a $0.49 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.96 annualized dividend and a yield of 10.64%. Cherry Hill Mortgage Investment’s payout ratio is 29.04%.

Several research analysts have recently weighed in on CHMI shares. FBR & Co reiterated a “buy” rating and set a $19.50 price objective on shares of Cherry Hill Mortgage Investment in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, October 4th. ValuEngine lowered shares of Cherry Hill Mortgage Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, B. Riley reiterated a “buy” rating and set a $19.50 price objective on shares of Cherry Hill Mortgage Investment in a report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $19.40.

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About Cherry Hill Mortgage Investment

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.

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

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