UBS Group AG Sells 2,137 Shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI)

UBS Group AG lowered its position in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,256 shares of the real estate investment trust’s stock after selling 2,137 shares during the period. UBS Group AG owned 0.28% of Cherry Hill Mortgage Investment Corporation worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Segantii Capital Management Ltd raised its stake in 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 worth $126,000 after buying an additional 6,100 shares during the period. Wells Fargo & Company MN raised its stake in Cherry Hill Mortgage Investment Corporation by 77.4% in the first quarter. Wells Fargo & Company MN now owns 10,828 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 4,724 shares during the period. Laurion Capital Management LP acquired a new stake in Cherry Hill Mortgage Investment Corporation during the first quarter worth about $187,000. Russell Investments Group Ltd. acquired a new stake in Cherry Hill Mortgage Investment Corporation during the fourth quarter worth about $208,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Cherry Hill Mortgage Investment Corporation during the first quarter worth about $229,000. 52.00% of the stock is owned by hedge funds and other institutional investors.

Shares of Cherry Hill Mortgage Investment Corporation (CHMI) opened at 18.61 on Friday. The firm has a market capitalization of $236.50 million, a price-to-earnings ratio of 3.15 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a one year low of $15.96 and a one year high of $19.43. The stock has a 50 day moving average of $18.87 and a 200-day moving average of $18.17.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Cherry Hill Mortgage Investment Corporation had a net margin of 138.90% and a return on equity of 9.49%. The business had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Cherry Hill Mortgage Investment Corporation will post $2.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, June 30th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.53%. Cherry Hill Mortgage Investment Corporation’s payout ratio is currently 28.08%.

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A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research lowered shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Cherry Hill Mortgage Investment Corporation in a report on Sunday, May 14th. Four research analysts have rated the stock with a hold rating, two have given 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 a consensus target price of $19.00.

About Cherry Hill Mortgage Investment Corporation

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 Corporation (NYSE:CHMI)

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