Chimera Investment (CIM) Stock Rating Upgraded by ValuEngine
Chimera Investment (NYSE:CIM) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.
Other analysts have also recently issued reports about the company. BidaskClub raised Chimera Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Barclays set a $18.00 price objective on Chimera Investment and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price objective on shares of Chimera Investment in a report on Friday, October 6th. One investment 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. Chimera Investment currently has a consensus rating of “Hold” and a consensus target price of $18.83.
Shares of Chimera Investment (CIM) opened at $18.67 on Tuesday. The stock has a market capitalization of $3,517.14, a P/E ratio of 7.87 and a beta of 0.85. Chimera Investment has a twelve month low of $16.43 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.
In related news, insider Mohit Marria purchased 6,625 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc grew its position in Chimera Investment by 0.7% in the 2nd quarter. IFP Advisors Inc now owns 15,646 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 108 shares during the last quarter. Raymond James Trust N.A. grew its position in Chimera Investment by 0.6% in the 2nd quarter. Raymond James Trust N.A. now owns 21,501 shares of the real estate investment trust’s stock valued at $400,000 after acquiring an additional 133 shares during the last quarter. Utah Retirement Systems grew its position in Chimera Investment by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 34,290 shares of the real estate investment trust’s stock valued at $638,000 after acquiring an additional 151 shares during the last quarter. Synovus Financial Corp grew its position in Chimera Investment by 3.3% in the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 326 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Chimera Investment by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 341 shares during the last quarter. 50.73% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Chimera Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment Corporation and related stocks with our FREE daily email newsletter.