CHIMERA INVT CO/SH NEW (NYSE:CIM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “

Several other brokerages also recently commented on CIM. Deutsche Bank downgraded CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Nomura initiated coverage on CHIMERA INVT CO/SH NEW in a research note on Wednesday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.88.

CIM traded down $0.06 during trading on Tuesday, hitting $18.84. 890,300 shares of the company’s stock traded hands, compared to its average volume of 1,288,236. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.33. CHIMERA INVT CO/SH NEW has a 12-month low of $16.88 and a 12-month high of $19.42. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 8.05 and a beta of 0.57.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. CHIMERA INVT CO/SH NEW had a return on equity of 12.43% and a net margin of 32.33%. The business had revenue of $154.12 million for the quarter, compared to the consensus estimate of $146.80 million. During the same period last year, the business posted $0.62 EPS. As a group, research analysts forecast that CHIMERA INVT CO/SH NEW will post 2.17 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of CIM. Enlightenment Research LLC bought a new position in shares of CHIMERA INVT CO/SH NEW during the 4th quarter valued at $80,000. Capital Investment Advisory Services LLC bought a new position in shares of CHIMERA INVT CO/SH NEW during the 4th quarter valued at $100,000. Tower Research Capital LLC TRC bought a new position in shares of CHIMERA INVT CO/SH NEW during the 3rd quarter valued at $126,000. Ffcm LLC lifted its holdings in shares of CHIMERA INVT CO/SH NEW by 696.9% during the 4th quarter. Ffcm LLC now owns 8,351 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 7,303 shares during the period. Finally, HRT Financial LLC bought a new position in shares of CHIMERA INVT CO/SH NEW during the 3rd quarter valued at $189,000. Institutional investors and hedge funds own 49.35% of the company’s stock.

About CHIMERA INVT CO/SH NEW

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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