Chimera Investment Corporation (NYSE:CIM) Receives $14.50 Consensus PT from Analysts

Chimera Investment Corporation (NYSE:CIM) has been given an average recommendation of “Hold” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.50.

Several analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Royal Bank Of Canada lowered Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective on the stock. in a research note on Tuesday, December 9th. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Chimera Investment in a research report on Monday, December 29th.

Chimera Investment Stock Down 0.8%

Chimera Investment stock opened at $13.03 on Friday. The company has a debt-to-equity ratio of 4.75, a current ratio of 8.22 and a quick ratio of 8.22. Chimera Investment has a fifty-two week low of $9.85 and a fifty-two week high of $15.37. The firm has a fifty day moving average price of $12.60 and a two-hundred day moving average price of $13.28. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -32.58 and a beta of 1.83.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). The company had revenue of $16.49 million during the quarter, compared to analyst estimates of $84.51 million. Chimera Investment had a return on equity of 7.36% and a net margin of 4.27%. As a group, analysts forecast that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.4%. Chimera Investment’s dividend payout ratio is presently -370.00%.

Hedge Funds Weigh In On Chimera Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Chimera Investment during the fourth quarter worth approximately $7,431,000. GAMMA Investing LLC grew its position in Chimera Investment by 864.7% during the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 2,862 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Chimera Investment by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 315,117 shares of the real estate investment trust’s stock valued at $4,166,000 after purchasing an additional 68,646 shares in the last quarter. Tudor Investment Corp ET AL raised its position in Chimera Investment by 34.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 320,209 shares of the real estate investment trust’s stock valued at $4,233,000 after purchasing an additional 82,883 shares during the last quarter. Finally, Caxton Associates LLP boosted its stake in Chimera Investment by 12.2% in the third quarter. Caxton Associates LLP now owns 102,060 shares of the real estate investment trust’s stock worth $1,349,000 after purchasing an additional 11,080 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.