B.Riley FBR analyst Timothy P. Hayes maintained a Buy rating on Cherry Hill Mortgage (CHMI) yesterday and set a price target of $15. The company’s shares closed last Monday at $13.04, close to its 52-week low of $13.01.
According to TipRanks.com, Hayes is a 4-star analyst with an average return of 4.8% and a 61.5% success rate. Hayes covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Ready Capital Corporation, and Saratoga Investment Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cherry Hill Mortgage with a $15 average price target.
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The company has a one-year high of $19.19 and a one-year low of $13.01. Currently, Cherry Hill Mortgage has an average volume of 244.6K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHMI in relation to earlier this year.
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Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in and manages a portfolio of excess mortgage servicing rights. The company operates through the following segments: Investments in RMBS, Investments in Servicing Related Assets and All Other segment.
