Chimera Investment Corporation (NYSE:CIM) Receives Average Recommendation of “Hold” from Analysts

Chimera Investment Corporation (NYSE:CIM) has been assigned a consensus recommendation of “Hold” from the four analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.50.

A number of analysts have weighed in on the company. UBS Group increased their price objective on Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Wall Street Zen cut Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, July 10th.

Institutional Trading of Chimera Investment

A number of institutional investors have recently modified their holdings of CIM. LSV Asset Management boosted its stake in shares of Chimera Investment by 306.2% in the first quarter. LSV Asset Management now owns 1,419,535 shares of the real estate investment trust’s stock valued at $18,213,000 after buying an additional 1,070,034 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Chimera Investment by 206.1% in the second quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock valued at $10,566,000 after buying an additional 512,909 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chimera Investment in the first quarter valued at approximately $2,703,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Chimera Investment in the second quarter valued at approximately $2,301,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Chimera Investment by 671.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust’s stock valued at $2,115,000 after buying an additional 143,500 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Stock Up 1.2%

Shares of NYSE CIM opened at $12.76 on Tuesday. The stock has a market cap of $1.03 billion, a PE ratio of 10.12 and a beta of 1.85. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment has a 52-week low of $9.85 and a 52-week high of $15.85. The business has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.43.

Chimera Investment (NYSE:CIM) last announced its earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of ($60.05) million during the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. Equities research analysts forecast that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is presently 117.46%.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.