Cherry Hill Mortgage Investment Corp (NYSE:CHMI) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 859,979 shares, a growth of 41.4% from the January 15th total of 608,099 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily volume of 186,871 shares, the short-interest ratio is currently 4.6 days.

In related news, President Jeffrey B. Lown bought 2,000 shares of the business’s stock in a transaction dated Monday, December 31st. The stock was acquired at an average price of $17.42 per share, with a total value of $34,840.00. Following the completion of the purchase, the president now directly owns 9,350 shares of the company’s stock, valued at $162,877. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ClariVest Asset Management LLC boosted its position in Cherry Hill Mortgage Investment by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 139,000 shares of the real estate investment trust’s stock worth $2,438,000 after acquiring an additional 1,200 shares during the last quarter. Summit Global Investments boosted its position in Cherry Hill Mortgage Investment by 3.0% during the fourth quarter. Summit Global Investments now owns 41,000 shares of the real estate investment trust’s stock worth $719,000 after acquiring an additional 1,200 shares during the last quarter. United Services Automobile Association boosted its position in Cherry Hill Mortgage Investment by 2.4% during the third quarter. United Services Automobile Association now owns 122,226 shares of the real estate investment trust’s stock worth $2,212,000 after acquiring an additional 2,900 shares during the last quarter. Synovus Financial Corp acquired a new position in Cherry Hill Mortgage Investment during the fourth quarter worth about $56,000. Finally, California Public Employees Retirement System boosted its position in Cherry Hill Mortgage Investment by 2.8% during the second quarter. California Public Employees Retirement System now owns 123,376 shares of the real estate investment trust’s stock worth $2,203,000 after acquiring an additional 3,376 shares during the last quarter. Hedge funds and other institutional investors own 57.47% of the company’s stock.

CHMI has been the subject of a number of research reports. TheStreet raised shares of Cherry Hill Mortgage Investment from a “c” rating to a “b” rating in a research note on Wednesday, October 31st. Wedbush set a $20.00 target price on shares of Cherry Hill Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Finally, Zacks Investment Research cut shares of Cherry Hill Mortgage Investment from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.00.

CHMI opened at $18.51 on Friday. The stock has a market cap of $300.65 million, a P/E ratio of 8.34 and a beta of 0.35. Cherry Hill Mortgage Investment has a twelve month low of $16.03 and a twelve month high of $19.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 29th. Investors of record on Monday, December 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.96 dividend on an annualized basis and a yield of 10.59%. Cherry Hill Mortgage Investment’s payout ratio is presently 88.29%.

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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. 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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