Chimera Investment Co. (CIM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Chimera Investment Co. (NYSE:CIM) have been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.83.

A number of analysts have recently issued reports on CIM shares. ValuEngine raised shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price target on shares of Chimera Investment in a research report on Friday, October 6th. 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. Finally, Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.

Shares of Chimera Investment (NYSE:CIM) traded down $0.16 on Tuesday, hitting $17.93. 992,652 shares of the company’s stock traded hands, compared to its average volume of 1,365,256. Chimera Investment has a one year low of $17.16 and a one year high of $20.90. The firm has a market capitalization of $3,380.00, a PE ratio of 5.52 and a beta of 0.91. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02.

Chimera Investment (NYSE:CIM) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The company had revenue of $156.46 million during the quarter, compared to analysts’ expectations of $150.29 million. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. sell-side analysts forecast that Chimera Investment will post 2.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.16%. Chimera Investment’s payout ratio is presently 61.54%.

In other Chimera Investment news, CIO Mohit Marria purchased 3,000 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The stock was acquired at an average cost of $25.82 per share, with a total value of $77,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its position in shares of Chimera Investment by 6.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,074,191 shares of the real estate investment trust’s stock worth $20,013,000 after buying an additional 69,143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chimera Investment by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 485 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Chimera Investment during the 2nd quarter worth $215,000. Alliancebernstein L.P. grew its holdings in shares of Chimera Investment by 1.7% during the 2nd quarter. Alliancebernstein L.P. now owns 108,311 shares of the real estate investment trust’s stock worth $2,018,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Chimera Investment by 2.7% during the 2nd quarter. Teachers Advisors LLC now owns 244,821 shares of the real estate investment trust’s stock worth $4,561,000 after purchasing an additional 6,423 shares in the last quarter. 50.67% of the stock is owned by institutional investors and hedge funds.

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About Chimera Investment

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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