Chimera Investment Corporation (NYSE:CIM) Given Average Recommendation of “Hold” by Analysts

Chimera Investment Corporation (NYSE:CIM) has been given a consensus rating of “Hold” by the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.25.

A number of analysts have issued reports on the stock. UBS Group reduced their price target on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chimera Investment in a report on Wednesday.

Chimera Investment Trading Up 2.5%

CIM stock opened at $12.20 on Friday. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. Chimera Investment has a 1-year low of $9.85 and a 1-year high of $15.37. The business has a 50 day simple moving average of $12.92 and a two-hundred day simple moving average of $13.46. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.68 and a beta of 1.87.

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

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 12.1%. Chimera Investment’s payout ratio is presently -370.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CIM. LSV Asset Management increased its position in 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 worth $18,213,000 after purchasing an additional 1,070,034 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Chimera Investment by 206.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock worth $10,566,000 after buying an additional 512,909 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Chimera Investment by 21.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock worth $22,095,000 after buying an additional 297,709 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Chimera Investment by 88.7% during the 3rd quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust’s stock valued at $7,594,000 after buying an additional 270,034 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Chimera Investment by 141.4% in the 3rd quarter. Millennium Management LLC now owns 420,670 shares of the real estate investment trust’s stock valued at $5,561,000 after acquiring an additional 246,424 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors.

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.