A statement released earlier today by Wedbush about Cherry Hill Mortgage (NYSE:CHMI) bumps the target price to $17.50
- Updated: October 8, 2016
Wedbush bumped up the target of Cherry Hill Mortgage (NYSE:CHMI) to $17.50 reporting a possible upside of 0.06%.
Just yesterday Cherry Hill Mortgage (NYSE:CHMI) traded 0.00% even at $16.48. Cherry Hill Mortgage’s 50-day moving average is $16.74 and its 200-day moving average is $15.50. The last stock price is up 5.82% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 16,243 shares of CHMI traded hands, down from an average trading volume of 40,797
Recent Performance Chart
Cherry Hill Mortgage has 52 week low of $12.60 and a 52 week high of $18.02 and has a market capitalization of $0.
In addition to Wedbush reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $18.58 with 2 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Cherry Hill Mortgage (NYSE:CHMI)
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. The Company focuses on attaining this objective, subject to market conditions and availability and terms of financing, by selectively constructing and managing a targeted portfolio of Servicing Related Assets, residential mortgage-backed securities (RMBS), prime mortgage loans and other cashflowing residential mortgage assets. The Company operates its business through segments, including investments in RMBS; investments in Servicing Related Assets, and All Other. The Company is externally managed by Cherry Hill Mortgage Management, LLC.
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