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Research analysts at Keefe, Bruyette & Woods hoisted their price target on shares of Chimera Investment Corp. (NYSE:CIM) from $3.00 to $3.10 in a report released on Friday. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 4.02% from the stock’s previous close.

A number of other analysts have also recently weighed in on CIM. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chimera Investment Corp. in a research note on Thursday. They now have a $3.10 price target on the stock, up previously from $3.00. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Chimera Investment Corp. in a research note on Thursday, July 24th. They now have a $3.25 price target on the stock, up previously from $3.00. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.15.

In other Chimera Investment Corp. news, CFO Robert S. Colligan acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $96,300.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Chimera Investment Corp. (NYSE:CIM) traded up 0.93% during mid-day trading on Friday, hitting $3.26. The stock had a trading volume of 499,854 shares. Chimera Investment Corp. has a 52-week low of $2.89 and a 52-week high of $3.34. The stock’s 50-day moving average is $3.18 and its 200-day moving average is $3.14. The company has a market cap of $3.350 billion and a price-to-earnings ratio of 9.79.

Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. On average, analysts predict that Chimera Investment Corp. will post $0.38 earnings per share for the current fiscal year.

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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