Chimera Investment Corporation (NYSE: CIM) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Chimera Investment Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “
  • 8/3/2017 – Chimera Investment Corporation had its price target raised by analysts at Deutsche Bank AG from $19.00 to $20.00. They now have a “hold” rating on the stock.
  • 8/1/2017 – Chimera Investment Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Chimera Investment Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Chimera Investment Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “
  • 6/30/2017 – Chimera Investment Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/15/2017 – Chimera Investment Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Chimera Investment Corporation (NYSE CIM) opened at 19.06 on Tuesday. Chimera Investment Corporation has a 12 month low of $14.70 and a 12 month high of $20.90. The stock has a market cap of $3.58 billion, a PE ratio of 5.48 and a beta of 0.94. The firm has a 50-day moving average price of $18.91 and a 200-day moving average price of $19.00.

Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business had revenue of $150.70 million during the quarter, compared to analysts’ expectations of $149.75 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Chimera Investment Corporation’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts forecast that Chimera Investment Corporation will post $2.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 10.49%. Chimera Investment Corporation’s dividend payout ratio (DPR) is currently 57.31%.

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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