Chimera Investment (NYSE:CIM – Get Rating)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued on Tuesday, Benzinga reports. They presently have a $7.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 16.09% from the company’s previous close.
Chimera Investment Stock Performance
Shares of Chimera Investment stock opened at $6.03 on Tuesday. The company has a market cap of $1.40 billion, a PE ratio of -2.42 and a beta of 1.51. Chimera Investment has a 52 week low of $4.91 and a 52 week high of $12.73. The business has a 50 day moving average price of $6.66 and a 200-day moving average price of $6.71. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 2.69.
Chimera Investment (NYSE:CIM – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The company had revenue of $187.29 million during the quarter, compared to analysts’ expectations of $97.90 million. Chimera Investment had a positive return on equity of 11.35% and a negative net margin of 66.36%. During the same period last year, the company earned $0.46 earnings per share. Equities analysts anticipate that Chimera Investment will post 0.78 earnings per share for the current fiscal year.
Institutional Trading of Chimera Investment
Chimera Investment Company Profile
Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.
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