Shares of Chimera Investment Co. (NYSE:CIM) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.83.
A number of research analysts have recently issued reports on CIM shares. Barclays set a $18.00 price target on shares of Chimera Investment and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 target price on shares of Chimera Investment in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th.
In related news, insider Mohit Marria bought 6,625 shares of the stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.65% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CIM. BlackRock Inc. lifted its holdings in shares of Chimera Investment by 6.7% in the second quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock valued at $224,151,000 after purchasing an additional 758,460 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Chimera Investment in the second quarter valued at about $7,516,000. FMR LLC lifted its holdings in shares of Chimera Investment by 34.7% in the second quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock valued at $27,314,000 after purchasing an additional 377,925 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Chimera Investment by 7.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,094,299 shares of the real estate investment trust’s stock valued at $57,647,000 after purchasing an additional 211,259 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Chimera Investment by 184.2% in the second quarter. Citigroup Inc. now owns 253,933 shares of the real estate investment trust’s stock valued at $4,730,000 after purchasing an additional 164,593 shares in the last quarter. 50.67% of the stock is currently owned by institutional investors.
Shares of Chimera Investment (CIM) traded up $0.14 during trading on Tuesday, hitting $17.98. 895,712 shares of the stock were exchanged, compared to its average volume of 1,140,000. Chimera Investment has a twelve month low of $17.16 and a twelve month high of $20.90. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.72. The firm has a market capitalization of $3,380.00, a price-to-earnings ratio of 5.53 and a beta of 0.91.
Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The business had revenue of $156.46 million for the quarter, compared to analyst estimates of $150.29 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. equities analysts forecast that Chimera Investment will post 2.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 annualized dividend and a yield of 11.12%. Chimera Investment’s payout ratio is currently 61.54%.
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Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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