Cherry Hill Mortgage Investment Corp (CHMI) Receives Daily News Sentiment Rating of 0.18

News headlines about Cherry Hill Mortgage Investment Corp (NYSE:CHMI) have trended somewhat positive this week, according to Alpha One. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment Corp earned a media sentiment score of 0.18 on Alpha One’s scale. Alpha One also gave news coverage about the real estate investment trust an impact score of 55 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.

A number of brokerages recently issued reports on CHMI. Zacks Investment Research raised Cherry Hill Mortgage Investment Corp from a “strong sell” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, March 22nd. ValuEngine cut Cherry Hill Mortgage Investment Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Citigroup Inc reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of Cherry Hill Mortgage Investment Corp in a research report on Sunday, May 14th. Finally, FBR & Co reissued an “outperform” rating and issued a $18.50 target price (down from $21.50) on shares of Cherry Hill Mortgage Investment Corp in a research report on Tuesday, March 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cherry Hill Mortgage Investment Corp presently has a consensus rating of “Hold” and a consensus price target of $18.80.

Cherry Hill Mortgage Investment Corp (CHMI) traded up 0.22% during mid-day trading on Wednesday, reaching $17.87. The company’s stock had a trading volume of 101,797 shares. Cherry Hill Mortgage Investment Corp has a 12 month low of $14.94 and a 12 month high of $19.14. The stock’s 50-day moving average is $17.70 and its 200-day moving average is $18.01. The firm has a market capitalization of $226.95 million, a PE ratio of 2.50 and a beta of 0.34.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.14. Cherry Hill Mortgage Investment Corp had a return on equity of 43.44% and a net margin of 76.69%. The company had revenue of $3.65 million during the quarter, compared to the consensus estimate of $8.50 million. During the same period in the previous year, the firm posted $0.55 earnings per share. Cherry Hill Mortgage Investment Corp’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Corp will post $2.09 EPS for the current year.

In related news, CFO Martin Levine bought 2,000 shares of the firm’s stock in a transaction on Friday, March 24th. The stock was bought at an average cost of $16.48 per share, for a total transaction of $32,960.00. Following the completion of the purchase, the chief financial officer now directly owns 16,600 shares in the company, valued at approximately $273,568. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 3,750 shares of company stock valued at $61,835. 14.90% of the stock is currently owned by insiders.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CHMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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