Chimera Investment Corporation (NYSE:CIM) Given Average Recommendation of “Hold” by Analysts

Chimera Investment Corporation (NYSE:CIM) has earned an average rating of “Hold” from the four research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.50.

Several analysts have recently weighed in on CIM shares. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chimera Investment in a research report on Saturday, September 27th. Keefe, Bruyette & Woods lowered their price objective on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, July 10th. Finally, UBS Group raised their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th.

Hedge Funds Weigh In On Chimera Investment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its holdings in shares of Chimera Investment by 10.6% during the 2nd quarter. Osaic Holdings Inc. now owns 37,820 shares of the real estate investment trust’s stock valued at $524,000 after purchasing an additional 3,637 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Chimera Investment during the 2nd quarter valued at $273,000. Tower Research Capital LLC TRC grew its holdings in shares of Chimera Investment by 92.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 3,423 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Chimera Investment by 33.8% during the 2nd quarter. Vident Advisory LLC now owns 17,123 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 4,322 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its holdings in shares of Chimera Investment by 91.7% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 40,431 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 19,338 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Performance

NYSE CIM opened at $13.03 on Friday. Chimera Investment has a 1 year low of $9.85 and a 1 year high of $16.27. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The stock has a market capitalization of $1.06 billion, a PE ratio of 10.34 and a beta of 1.85. The company’s 50 day simple moving average is $13.81 and its two-hundred day simple moving average is $13.31.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The firm had revenue of $66.01 million during the quarter, compared to analysts’ expectations of $83.89 million. Analysts predict that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 annualized dividend and a dividend yield of 11.4%. Chimera Investment’s dividend payout ratio (DPR) is 117.46%.

Chimera Investment Company Profile

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