StockNews.com Upgrades Chimera Investment (NYSE:CIM) to “Buy”

Chimera Investment (NYSE:CIMGet Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Chimera Investment Trading Down 2.9 %

Shares of CIM opened at $11.57 on Thursday. The company has a debt-to-equity ratio of 3.70, a current ratio of 5.46 and a quick ratio of 5.46. Chimera Investment has a 12 month low of $11.42 and a 12 month high of $19.47. The stock has a market cap of $930.52 million, a PE ratio of 7.56 and a beta of 1.68. The stock’s 50-day moving average is $13.39 and its two-hundred day moving average is $14.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CIM. UBS Group AG increased its stake in Chimera Investment by 53.3% during the 3rd quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock worth $3,942,000 after buying an additional 251,085 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Chimera Investment by 148.4% in the fourth quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 30,757 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Chimera Investment by 261.9% in the fourth quarter. Wolverine Asset Management LLC now owns 1,141,057 shares of the real estate investment trust’s stock worth $5,694,000 after acquiring an additional 825,743 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Chimera Investment by 163.5% during the 4th quarter. Capital Investment Advisors LLC now owns 124,156 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 77,040 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Chimera Investment by 14.9% during the 4th quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 16,540 shares during the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Company Profile

(Get Free Report)

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.

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