Chimera Investment (NYSE:CIM) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Chimera Investment Corporation (NYSE:CIM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.35 and traded as high as $13.86. Chimera Investment shares last traded at $13.79, with a volume of 505,769 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CIM. Keefe, Bruyette & Woods reduced their price target on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, July 10th. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, UBS Group upped their target price on Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.50.

Chimera Investment Stock Up 2.0%

The company has a market cap of $1.12 billion, a PE ratio of 10.94 and a beta of 1.79. 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 business’s fifty day simple moving average is $13.84 and its two-hundred day simple moving average is $13.35.

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

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.7%. Chimera Investment’s dividend payout ratio (DPR) is 117.46%.

Institutional Investors Weigh In On Chimera Investment

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in Chimera Investment by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 1,143 shares in the last quarter. Investment Partners Asset Management Inc. increased its stake in Chimera Investment by 10.2% during the 1st quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,338 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in Chimera Investment by 13.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 11,447 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,367 shares in the last quarter. Motiv8 Investments LLC increased its stake in Chimera Investment by 15.2% during the 2nd quarter. Motiv8 Investments LLC now owns 11,747 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,552 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Chimera Investment by 2.6% during the 2nd quarter. D.A. Davidson & CO. now owns 71,739 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 1,785 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

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.