Nordea Investment Management AB Has $1.69 Million Stake in Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

Nordea Investment Management AB lessened its position in shares of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,312 shares of the real estate investment trust’s stock after selling 40,688 shares during the quarter. Nordea Investment Management AB owned about 0.59% of Cherry Hill Mortgage Investment worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp lifted its stake in shares of Cherry Hill Mortgage Investment by 29.7% during the first quarter. Synovus Financial Corp now owns 4,166 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 955 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Cherry Hill Mortgage Investment by 534.5% during the first quarter. BNP Paribas Arbitrage SA now owns 3,344 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 2,817 shares during the period. Advisor Group Inc. lifted its stake in shares of Cherry Hill Mortgage Investment by 675.9% during the fourth quarter. Advisor Group Inc. now owns 4,182 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 3,643 shares during the period. Bank of America Corp DE lifted its stake in shares of Cherry Hill Mortgage Investment by 57.4% during the fourth quarter. Bank of America Corp DE now owns 11,337 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 4,136 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Cherry Hill Mortgage Investment by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,741 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 4,484 shares during the period. 59.50% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Finally, ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Cherry Hill Mortgage Investment presently has an average rating of “Hold” and a consensus price target of $19.33.

NYSE CHMI traded down $0.04 on Friday, reaching $15.81. The company had a trading volume of 109,586 shares, compared to its average volume of 224,448. The company has a 50 day moving average of $16.18. The company has a market capitalization of $263.40 million, a PE ratio of 7.03 and a beta of 0.35. Cherry Hill Mortgage Investment Corp has a 52 week low of $15.70 and a 52 week high of $19.35.

Cherry Hill Mortgage Investment (NYSE:CHMI) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $6.23 million during the quarter, compared to the consensus estimate of $5.23 million. Cherry Hill Mortgage Investment had a positive return on equity of 12.36% and a negative net margin of 29.80%. On average, analysts expect that Cherry Hill Mortgage Investment Corp will post 2.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.96 dividend on an annualized basis and a yield of 12.40%. Cherry Hill Mortgage Investment’s dividend payout ratio is presently 87.11%.

Cherry Hill Mortgage Investment Company Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS and Investments in Servicing Related Assets segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and prime residential mortgage loans, as well as other residential mortgage assets.

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Institutional Ownership by Quarter for Cherry Hill Mortgage Investment (NYSE:CHMI)

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