Teachers Advisors LLC Takes Position in Cherry Hill Mortgage Investment Corporation (CHMI)

Teachers Advisors LLC bought a new stake in shares of Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,041 shares of the real estate investment trust’s stock, valued at approximately $389,000. Teachers Advisors LLC owned approximately 0.17% of Cherry Hill Mortgage Investment Corporation as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHMI. Wells Fargo & Company MN lifted its stake in shares of Cherry Hill Mortgage Investment Corporation by 77.4% during the 1st quarter. Wells Fargo & Company MN now owns 10,828 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 4,724 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cherry Hill Mortgage Investment Corporation by 68.1% during the 1st quarter. Bank of New York Mellon Corp now owns 21,471 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 8,701 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cherry Hill Mortgage Investment Corporation by 239.5% during the 1st quarter. JPMorgan Chase & Co. now owns 59,992 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 42,322 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Cherry Hill Mortgage Investment Corporation by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 454,854 shares of the real estate investment trust’s stock valued at $7,773,000 after buying an additional 29,050 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Cherry Hill Mortgage Investment Corporation by 40.7% in the 1st quarter. Geode Capital Management LLC now owns 67,165 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 19,441 shares in the last quarter. Institutional investors own 62.44% of the company’s stock.

Shares of Cherry Hill Mortgage Investment Corporation (NYSE CHMI) opened at $17.94 on Wednesday. Cherry Hill Mortgage Investment Corporation has a one year low of $16.29 and a one year high of $19.43. The company has a market cap of $225.42, a price-to-earnings ratio of 8.09 and a beta of 0.38.

Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Cherry Hill Mortgage Investment Corporation had a net margin of 136.70% and a return on equity of 9.49%. The firm had revenue of $5.84 million for the quarter, compared to the consensus estimate of $5.55 million. During the same period in the previous year, the firm posted $0.54 EPS. analysts expect that Cherry Hill Mortgage Investment Corporation will post 2.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Friday, September 29th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 10.93%. Cherry Hill Mortgage Investment Corporation’s dividend payout ratio (DPR) is presently 29.04%.

Several analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $19.50 price target on shares of Cherry Hill Mortgage Investment Corporation in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Cherry Hill Mortgage Investment Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. FBR & Co reiterated a “buy” rating and issued a $19.50 price target on shares of Cherry Hill Mortgage Investment Corporation in a research note on Tuesday, October 10th. Finally, ValuEngine cut shares of Cherry Hill Mortgage Investment Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cherry Hill Mortgage Investment Corporation presently has an average rating of “Buy” and a consensus price target of $19.40.

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Cherry Hill Mortgage Investment Corporation Company Profile

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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