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.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The business had revenue of $156.46 million for the quarter, compared to analysts’ expectations of $150.29 million. Chimera Investment had a return on equity of 13.29% and a net margin of 58.21%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. equities research analysts predict that Chimera Investment will post 2.33 earnings per share for the current fiscal year.

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.

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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.

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