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

Shares of Chimera Investment Corporation (NYSE:CIM) have received an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.50.

A number of analysts recently issued reports on CIM shares. Royal Bank Of Canada cut Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Chimera Investment in a report on Monday, December 29th. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group cut their price objective on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a research report on Tuesday, November 18th.

Institutional Investors Weigh In On Chimera Investment

Institutional investors have recently bought and sold shares of the company. VSM Wealth Advisory LLC grew its stake in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 936 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Chimera Investment by 864.7% during the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,862 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Chimera Investment during the third quarter worth $54,000. CWM LLC grew its position in Chimera Investment by 508.4% in the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 4,342 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Chimera Investment by 92.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Performance

CIM stock opened at $13.38 on Friday. Chimera Investment has a 1-year low of $9.85 and a 1-year high of $15.37. The company has a current ratio of 8.22, a quick ratio of 8.22 and a debt-to-equity ratio of 4.75. The firm has a market cap of $1.11 billion, a PE ratio of -33.45 and a beta of 1.83. The business’s 50-day moving average price is $12.65 and its two-hundred day moving average price is $13.27.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Chimera Investment had a return on equity of 7.36% and a net margin of 4.27%.The business had revenue of $16.49 million during the quarter, compared to the consensus estimate of $84.51 million. As a group, research analysts forecast that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Chimera Investment’s dividend payout ratio is currently -370.00%.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.