Chimera Investment Corporation (CIM) Receives Average Rating of “Hold” from Brokerages
Shares of Chimera Investment Corporation (NYSE:CIM) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.83.
A number of equities analysts have issued reports on the stock. BidaskClub downgraded shares of Chimera Investment Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine raised shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price objective on shares of Chimera Investment Corporation in a report on Friday, October 6th. Finally, Deutsche Bank AG lifted their price objective on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd.
Several large investors have recently modified their holdings of CIM. BlackRock Inc. boosted its holdings in shares of Chimera Investment Corporation by 14,286.5% in the 1st quarter. BlackRock Inc. now owns 11,273,292 shares of the real estate investment trust’s stock worth $227,494,000 after buying an additional 11,194,932 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Chimera Investment Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 14,556,082 shares of the real estate investment trust’s stock worth $293,741,000 after buying an additional 658,674 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Chimera Investment Corporation in the 2nd quarter worth about $7,516,000. FMR LLC boosted its holdings in shares of Chimera Investment Corporation by 34.7% in the 2nd quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock worth $27,314,000 after buying an additional 377,925 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chimera Investment Corporation by 7.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,094,299 shares of the real estate investment trust’s stock worth $57,647,000 after buying an additional 211,259 shares during the last quarter. 51.18% of the stock is currently owned by institutional investors.
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Chimera Investment Corporation (NYSE:CIM) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $156.46 million for the quarter, compared to the consensus estimate of $150.29 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Thursday, December 28th. Chimera Investment Corporation’s dividend payout ratio (DPR) is currently 57.31%.
Chimera Investment Corporation Company Profile
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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