CHIMERA INVT CO/SH NEW (NYSE:CIM) has been given an average rating of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $19.30.
Several research firms have recently commented on CIM. Zacks Investment Research lowered CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. Raymond James began coverage on CHIMERA INVT CO/SH NEW in a research note on Thursday, October 11th. They issued a “market perform” rating for the company. Finally, Deutsche Bank upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $19.00 to $18.50 in a research note on Wednesday, October 24th.
A number of hedge funds have recently modified their holdings of CIM. Acadian Asset Management LLC purchased a new stake in CHIMERA INVT CO/SH NEW in the 2nd quarter worth $332,000. Commonwealth Equity Services LLC lifted its stake in CHIMERA INVT CO/SH NEW by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 93,929 shares of the real estate investment trust’s stock valued at $1,717,000 after buying an additional 2,829 shares in the last quarter. Assetmark Inc. increased its holdings in shares of CHIMERA INVT CO/SH NEW by 43.3% in the 2nd quarter. Assetmark Inc. now owns 51,220 shares of the real estate investment trust’s stock valued at $936,000 after purchasing an additional 15,471 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CHIMERA INVT CO/SH NEW during the second quarter valued at approximately $1,376,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of CHIMERA INVT CO/SH NEW by 3.1% in the second quarter. CIBC Private Wealth Group LLC now owns 93,650 shares of the real estate investment trust’s stock valued at $1,712,000 after acquiring an additional 2,791 shares during the period. Institutional investors and hedge funds own 47.86% of the company’s stock.
Shares of NYSE CIM traded down $0.05 during midday trading on Friday, hitting $19.16. 17,897 shares of the stock traded hands, compared to its average volume of 952,552. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 8.15 and a beta of 0.50. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.02 and a quick ratio of 0.02. CHIMERA INVT CO/SH NEW has a one year low of $15.77 and a one year high of $19.35.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The firm had revenue of $147.04 million for the quarter, compared to analysts’ expectations of $141.90 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.52% and a net margin of 50.69%. During the same period in the prior year, the firm earned $0.69 EPS. Equities research analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 10.44%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is 85.47%.
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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