Shares of Chimera Investment Corporation (NYSE:CIM) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.50.

A number of research firms have recently weighed in on CIM. Zacks Investment Research downgraded Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Deutsche Bank AG raised their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Finally, Barclays PLC set a $17.00 price objective on Chimera Investment Corporation and gave the company a “hold” rating in a research note on Monday, May 8th.

Several hedge funds and other institutional investors have recently modified their holdings of CIM. Advisory Services Network LLC bought a new position in shares of Chimera Investment Corporation during the first quarter worth $2,337,000. Wells Fargo & Company MN increased its position in shares of Chimera Investment Corporation by 7.3% in the first quarter. Wells Fargo & Company MN now owns 1,058,026 shares of the real estate investment trust’s stock worth $21,352,000 after buying an additional 71,903 shares during the last quarter. Greenleaf Trust increased its position in shares of Chimera Investment Corporation by 0.6% in the first quarter. Greenleaf Trust now owns 15,305 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 96 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Chimera Investment Corporation by 23.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 227,200 shares of the real estate investment trust’s stock worth $4,585,000 after buying an additional 42,700 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Chimera Investment Corporation by 106.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 725,503 shares of the real estate investment trust’s stock worth $14,640,000 after buying an additional 374,561 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chimera Investment Corporation (NYSE:CIM) traded up 0.31% during mid-day trading on Friday, hitting $19.12. The stock had a trading volume of 806,866 shares. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 5.50 and a beta of 0.94. The company has a 50-day moving average of $18.78 and a 200 day moving average of $19.12. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90.

Chimera Investment Corporation (NYSE:CIM) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.03. Chimera Investment Corporation had a return on equity of 14.27% and a net margin of 63.94%. The firm had revenue of $150.70 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same period last year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Chimera Investment Corporation will post $2.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.46%. The ex-dividend date of this dividend is Thursday, September 28th. Chimera Investment Corporation’s payout ratio is 57.31%.

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Chimera Investment Corporation 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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