Cubist Systematic Strategies LLC acquired a new stake in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,639 shares of the real estate investment trust’s stock, valued at approximately $252,000. Cubist Systematic Strategies LLC owned approximately 0.11% of Cherry Hill Mortgage Investment Corporation at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in Cherry Hill Mortgage Investment Corporation in the 2nd quarter valued at approximately $2,466,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Cherry Hill Mortgage Investment Corporation in the 2nd quarter valued at approximately $305,000. Goldman Sachs Group Inc. increased its stake in Cherry Hill Mortgage Investment Corporation by 80.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 171,503 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 76,212 shares in the last quarter. OxFORD Asset Management LLP increased its stake in Cherry Hill Mortgage Investment Corporation by 74.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 122,391 shares of the real estate investment trust’s stock valued at $2,261,000 after purchasing an additional 52,246 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in Cherry Hill Mortgage Investment Corporation in the 2nd quarter valued at approximately $229,000. 61.54% of the stock is owned by hedge funds and other institutional investors.

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Several research firms recently weighed in on CHMI. Zacks Investment Research raised Cherry Hill Mortgage Investment Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, July 11th. FBR & Co reaffirmed a “buy” rating and issued a $19.50 price objective on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, October 10th. Finally, ValuEngine raised Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.38.

Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at 18.21 on Wednesday. The stock has a market cap of $231.41 million, a P/E ratio of 3.08 and a beta of 0.38. Cherry Hill Mortgage Investment Corporation has a 52-week low of $16.00 and a 52-week high of $19.43. The firm’s 50-day moving average price is $18.39 and its 200 day moving average price is $18.37.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $5.71 million for the quarter, compared to analysts’ expectations of $4.79 million. Cherry Hill Mortgage Investment Corporation had a return on equity of 9.49% and a net margin of 138.90%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities analysts predict that Cherry Hill Mortgage Investment Corporation will post $2.10 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Friday, September 29th were issued a $0.49 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.96 annualized dividend and a dividend yield of 10.76%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio is currently 28.08%.

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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