Wedbush Starts Cherry Hill Mortgage (CHMI) at Neutral

October 6, 2016 7:14 AM EDT
Get Alerts CHMI Hot Sheet
Price: $16.30 +0.06%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 25 | New: 8
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Wedbush initiates coverage on Cherry Hill Mortgage (NYSE: CHMI) with a Neutral rating and a price target of $17.50.

Analyst Jason Weaver commented, "CHMI’s shares are fairly valued, in our view, given the moderate book value discount and 11.4% yield—in line with peers. CHMI’s portfolio presents attractive dynamics with less exposure to rising rates displaying 12% overall return on capital at only 4.1x leverage versus other mortgage REITs."

For an analyst ratings summary and ratings history on Cherry Hill Mortgage click here. For more ratings news on Cherry Hill Mortgage click here.

Shares of Cherry Hill Mortgage closed at $16.48 yesterday.

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