Cherry Hill Mortgage Investment Corp (CHMI) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 994.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,626 shares of the real estate investment trust’s stock after acquiring an additional 108,698 shares during the period. Wells Fargo & Company MN’s holdings in Cherry Hill Mortgage Investment were worth $2,165,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CHMI. C M Bidwell & Associates Ltd. grew its holdings in Cherry Hill Mortgage Investment by 19.4% during the second quarter. C M Bidwell & Associates Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 1,510 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cherry Hill Mortgage Investment by 3,023.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,056 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 9,734 shares during the period. Virtu KCG Holdings LLC acquired a new position in Cherry Hill Mortgage Investment during the second quarter worth about $229,000. New York State Common Retirement Fund acquired a new position in Cherry Hill Mortgage Investment during the second quarter worth about $233,000. Finally, Rhumbline Advisers acquired a new position in Cherry Hill Mortgage Investment during the second quarter worth about $239,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.

CHMI has been the topic of a number of research analyst reports. FBR & Co reaffirmed a “buy” rating and set a $19.50 target price on shares of Cherry Hill Mortgage Investment in a report on Tuesday, October 10th. Zacks Investment Research raised Cherry Hill Mortgage Investment from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, October 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $19.50 target price on shares of Cherry Hill Mortgage Investment in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.50.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) opened at $17.62 on Tuesday. The stock has a market capitalization of $224.15, a PE ratio of 2.61 and a beta of 0.37. Cherry Hill Mortgage Investment Corp has a fifty-two week low of $16.40 and a fifty-two week high of $19.43.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.96 dividend on an annualized basis and a yield of 11.12%. Cherry Hill Mortgage Investment’s dividend payout ratio is currently 29.04%.

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Cherry Hill Mortgage Investment 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 (NYSE:CHMI)

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