Breaking Finance News

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to Hold in a statement released on 10/11/2016.

On 10/06/2016, Wedbush reported about Cherry Hill Mortgage Investment Corp (NYSE:CHMI) bumped up the target price from $0.00 to $17.50 that indicated a possible upside of 0.06%.

Just yesterday Cherry Hill Mortgage Investment Corp (NYSE:CHMI) traded 0.06% higher at $16.40. Cherry Hill Mortgage Investment Corp’s 50-day moving average is $16.78 and its 200-day moving average is $15.56. With the last closing price up 4.07% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 13,897 shares of the stock traded hands, down from an avg. volume of 39,463

See Chart Below

Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

Cherry Hill Mortgage Investment Corp has with a one year low of $12.60 and a one year high of $18.02 and has a market cap of $0.

Also covering Cherry Hill Mortgage Investment Corp's target, a total of 6 equity analysts have issued a research note on the company. The consensus target price is $18.58 with 2 equity analysts rating the company a strong buy, two analysts rating the company a buy, 2 firms rating the company a hold, zero brokers rating the stock a underperform, and finally zero brokerages rating the stock a sell.

Brief Synopsis On Cherry Hill Mortgage Investment Corp (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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *