Analysts Set Chimera Investment Corporation (NYSE:CIM) Target Price at $15.25

Chimera Investment Corporation (NYSE:CIM) has been assigned a consensus rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.25.

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chimera Investment in a research note on Wednesday, November 19th. Finally, UBS Group lowered their price objective on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a research note on Tuesday, November 18th.

Chimera Investment Price Performance

CIM opened at $12.17 on Friday. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. The company’s 50-day moving average price is $12.88 and its 200 day moving average price is $13.48. Chimera Investment has a fifty-two week low of $9.85 and a fifty-two week high of $15.37. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 9.65 and a beta of 1.87.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Monday, March 6th. The real estate investment trust reported $0.46 EPS for the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The firm had revenue of ($60.05) million during the quarter. As a group, sell-side analysts expect that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.37 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.48 annualized dividend and a dividend yield of 12.2%. Chimera Investment’s dividend payout ratio is -370.00%.

Institutional Investors Weigh In On Chimera Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Thornburg Investment Management Inc. raised its holdings in shares of Chimera Investment by 1.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 5,019,354 shares of the real estate investment trust’s stock worth $66,356,000 after purchasing an additional 70,619 shares in the last quarter. Geode Capital Management LLC grew its position in Chimera Investment by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,915,000 shares of the real estate investment trust’s stock worth $26,564,000 after buying an additional 33,699 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Chimera Investment by 21.7% in the third quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock valued at $22,095,000 after buying an additional 297,709 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Chimera Investment by 2.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,547,432 shares of the real estate investment trust’s stock valued at $21,463,000 after acquiring an additional 35,425 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Chimera Investment by 7.3% during the 2nd quarter. LSV Asset Management now owns 1,523,435 shares of the real estate investment trust’s stock worth $21,130,000 after acquiring an additional 103,900 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

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.