Credit Suisse AG Has $856,000 Stock Position in Cherry Hill Mortgage Investment Co. (NYSE:CHMI)

Credit Suisse AG lifted its position in shares of Cherry Hill Mortgage Investment Co. (NYSE:CHMI) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,667 shares of the real estate investment trust’s stock after purchasing an additional 19,129 shares during the quarter. Credit Suisse AG owned approximately 0.55% of Cherry Hill Mortgage Investment worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Cherry Hill Mortgage Investment by 1.1% in the fourth quarter. BlackRock Inc. now owns 1,602,424 shares of the real estate investment trust’s stock valued at $14,646,000 after buying an additional 16,858 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cherry Hill Mortgage Investment by 114.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 339,935 shares of the real estate investment trust’s stock valued at $3,053,000 after purchasing an additional 181,349 shares in the last quarter. Wells Fargo & Company MN raised its position in Cherry Hill Mortgage Investment by 39.0% in the 4th quarter. Wells Fargo & Company MN now owns 38,560 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 10,825 shares during the last quarter. California Public Employees Retirement System raised its position in Cherry Hill Mortgage Investment by 7.5% in the 3rd quarter. California Public Employees Retirement System now owns 35,878 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 2,491 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in Cherry Hill Mortgage Investment by 7.2% during the 4th quarter. State of Wisconsin Investment Board now owns 34,291 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 45.67% of the company’s stock.

Separately, Zacks Investment Research upgraded Cherry Hill Mortgage Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cherry Hill Mortgage Investment presently has an average rating of “Buy” and an average price target of $11.10.

Shares of CHMI opened at $9.50 on Thursday. The company has a market cap of $162.38 million, a PE ratio of -2.79 and a beta of 1.14. The firm has a 50-day moving average of $9.91 and a 200-day moving average of $9.43. Cherry Hill Mortgage Investment Co. has a one year low of $5.14 and a one year high of $11.04.

Cherry Hill Mortgage Investment (NYSE:CHMI) last issued its earnings results on Monday, March 8th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Cherry Hill Mortgage Investment had a negative net margin of 78.10% and a positive return on equity of 17.29%. As a group, analysts expect that Cherry Hill Mortgage Investment Co. will post 1.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 27th. Stockholders of record on Wednesday, March 31st will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.37%. Cherry Hill Mortgage Investment’s payout ratio is 53.73%.

About Cherry Hill Mortgage Investment

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, Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets, residential mortgage-backed securities (RMBS), and invest in prime residential mortgage loans, as well as other residential mortgage assets.

Read More: Trading Halts Explained

Want to see what other hedge funds are holding CHMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cherry Hill Mortgage Investment Co. (NYSE:CHMI).

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

Receive News & Ratings for Cherry Hill Mortgage Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cherry Hill Mortgage Investment and related companies with MarketBeat.com's FREE daily email newsletter.