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ValuEngine downgraded Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to Buy in a report released today.

ValuEngine has downgraded Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to Buy in a report released on 6/02/2017.

Just yesterday Cherry Hill Mortgage Investment Corp (NYSE:CHMI) traded 1.49% higher at $18.04. Cherry Hill Mortgage Investment Corp’s 50-day moving average is $18.38 and its 200-day moving average is $18.30. The last stock price is down 4.05% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 132,940 shares of CHMI traded hands, up from an average trading volume of 117,431

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Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

Cherry Hill Mortgage Investment Corp has 52 week low of $16.00 and a 52 week high of $19.43 with a PE ratio of 3.22 and has a market cap of $0.

In addition to ValuEngine reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $18.58 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

Brief Synopsis About 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.

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