Deutsche Bank upgraded shares of Chimera Investment (NYSE:CIM) from a hold rating to a buy rating in a research note released on Wednesday, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. Barclays set a $18.00 price target on shares of Chimera Investment and gave the stock a hold rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a hold rating and set a $18.50 price target on shares of Chimera Investment in a research report on Friday, October 6th. Credit Suisse Group upgraded shares of Chimera Investment from a neutral rating to an outperform rating and lifted their price target for the stock from $18.01 to $19.00 in a research report on Thursday, January 25th. Zacks Investment Research cut shares of Chimera Investment from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Chimera Investment from a buy rating to a strong-buy rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $18.88.

Shares of Chimera Investment (NYSE CIM) opened at $16.72 on Wednesday. Chimera Investment has a 1 year low of $16.66 and a 1 year high of $20.90. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $3,139.70, a P/E ratio of 7.03 and a beta of 0.60.

In other news, CIO Mohit Marria acquired 3,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was purchased at an average price of $25.82 per share, for a total transaction of $77,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CIM. BlackRock Inc. grew its holdings in Chimera Investment by 6.7% during the second quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock valued at $224,151,000 after purchasing an additional 758,460 shares during the period. American Century Companies Inc. acquired a new position in Chimera Investment during the fourth quarter valued at approximately $9,021,000. Janus Henderson Group PLC acquired a new position in Chimera Investment during the second quarter valued at approximately $7,516,000. FMR LLC grew its holdings in Chimera Investment by 34.7% during the second quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock valued at $27,314,000 after purchasing an additional 377,925 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Chimera Investment by 7.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,094,299 shares of the real estate investment trust’s stock valued at $57,647,000 after purchasing an additional 211,259 shares during the period. Hedge funds and other institutional investors own 50.28% of the company’s stock.

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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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