Price Don’t Lie: Cherry Hill Mortgage Investment Corp Surges to 52-Week High, Is Now Top Performer

Price Don't Lie: Cherry Hill Mortgage Investment Corp Surges to 52 Week High, Is Now Top Performer

The stock of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) hit a new 52-week high and has $18.67 target or 4.00% above today’s $17.95 share price. The 9 months bullish chart indicates low risk for the $134.70M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $18.67 price target is reached, the company will be worth $5.39 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 39,246 shares traded hands or 10.61% up from the average. Cherry Hill Mortgage Investment Corp (NYSE:CHMI) has risen 25.02% since April 26, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.

Analysts await Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to report earnings on March, 21. They expect $0.52 EPS, up 6.12% or $0.03 from last year’s $0.49 per share. CHMI’s profit will be $3.90M for 8.63 P/E if the $0.52 EPS becomes a reality. After $0.54 actual EPS reported by Cherry Hill Mortgage Investment Corp for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) Ratings Coverage

Out of 3 analysts covering Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $21 is the highest target while $16 is the lowest. The $18.17 average target is 1.23% above today’s ($17.95) stock price. Cherry Hill Mortgage Investment Corporation has been the topic of 3 analyst reports since March 16, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Thursday, August 11. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, March 16 report. Wedbush initiated the shares of CHMI in a report on Thursday, October 6 with “Neutral” rating.

According to Zacks Investment Research, “Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is based in United States.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.49, from 1.54 in 2016Q1. The ratio fall, as 2 funds sold all Cherry Hill Mortgage Investment Corp shares owned while 11 reduced positions. 10 funds bought stakes while 10 increased positions. They now own 3.57 million shares or 4.69% less from 3.75 million shares in 2016Q1.
The Florida-based Ladenburg Thalmann Fincl Ser has invested 0% in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Acadian Asset Management Lc holds 0.02% of its portfolio in Cherry Hill Mortgage Investment Corp (NYSE:CHMI) for 273,715 shares. Sandler Capital holds 0.03% or 12,994 shares in its portfolio. Blackrock Inv Limited Company has 0% invested in the company for 1,189 shares. Moreover, Blackrock Fund has 0% invested in Cherry Hill Mortgage Investment Corp (NYSE:CHMI) for 174,088 shares. The New York-based Renaissance Tech Ltd Llc has invested 0.01% in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Wolverine Asset Mngmt Ltd Company last reported 0% of its portfolio in the stock. Continental Advsrs Ltd Limited Liability Company, a Illinois-based fund reported 238,033 shares. Morgan Stanley reported 26,587 shares or 0% of all its holdings. Castine Capital Management Limited Liability Com last reported 144,900 shares in the company. Yorktown Mngmt & owns 63,500 shares or 0.22% of their US portfolio. Northern Trust Corp has invested 0% of its portfolio in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Tower Research Capital Limited Co (Trc) accumulated 100 shares or 0% of the stock. Vanguard Grp Inc Inc has 0% invested in the company for 401,188 shares. Geode Cap Lc reported 41,049 shares or 0% of all its holdings.

Insider Transactions: Since November 18, 2016, the stock had 2 insider purchases, and 0 selling transactions for $25,680 net activity. $8,520 worth of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) shares were bought by Lown Jeffrey B. Levine Martin bought 1,000 shares worth $17,160.

More notable recent Cherry Hill Mortgage Investment Corp (NYSE:CHMI) news were published by: Businesswire.com which released: “Cherry Hill Mortgage Investment Corporation Announces Sale of Its Excess MSR …” on November 15, 2016, also Businesswire.com with their article: “Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2016 Results” published on November 09, 2016, Marketwatch.com published: “Cherry Hill Mortgage started at neutral with $17 stock price target at Wedbush …” on October 29, 2013. More interesting news about Cherry Hill Mortgage Investment Corp (NYSE:CHMI) were released by: Businesswire.com and their article: “Cherry Hill Mortgage Investment Corporation Completes Acquisition of Aurora …” published on June 01, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Cherry Hill Mortgage Investment Corporation announces sale of its ex…” with publication date: November 15, 2016.

CHMI Company Profile

Cherry Hill Mortgage Investment Corporation, incorporated on October 31, 2012, is a residential real estate finance company. The Firm is focused on acquiring, investing in and managing residential mortgage assets in the United States. The Company’s 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 Firm 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 Firm operates its business through divisions, including investments in RMBS; investments in Servicing Related Assets, and All Other. The Company’s targeted asset classes include servicing related assets consisting of mortgage servicing rights (MSRs) and Excess MSRs; RMBS, including Agency RMBS, residential mortgage pass-through certificates, collateralized mortgage obligations (CMOs) (interest-only security (IO) and inverse IOs) and to-be-announced (TBA), and prime mortgage loans. The Firm is externally managed by Cherry Hill Mortgage Management, LLC.

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