Chimera Investment Corp. Downgraded by Ned Davis Research to Sell (CIM)
Chimera Investment Corp. (NYSE:CIM) was downgraded by Ned Davis Research from a “neutral” rating to a “sell” rating in a research note issued on Monday, AnalystRatingsNetwork.com reports.
Chimera Investment Corp. (NYSE:CIM) traded down 0.16% on Monday, hitting $3.045. The stock had a trading volume of 1,215,259 shares. Chimera Investment Corp. has a 1-year low of $2.49 and a 1-year high of $3.34. The stock has a 50-day moving average of $2.97 and a 200-day moving average of $3.07. The company has a market cap of $3.129 billion and a P/E ratio of 27.73.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 11.80%. The ex-dividend date is Wednesday, October 2nd.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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