Chimera Investment (NYSE:CIM) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

CIM has been the topic of several other reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 price target on shares of Chimera Investment in a research report on Friday, October 6th. Barclays set a $18.00 price target on shares of Chimera Investment and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Chimera Investment has an average rating of “Hold” and a consensus price target of $18.83.

Shares of Chimera Investment (CIM) traded up $0.09 during trading on Tuesday, reaching $18.73. 761,302 shares of the company’s stock traded hands, compared to its average volume of 1,319,055. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.72. Chimera Investment has a 12-month low of $16.43 and a 12-month high of $20.90. The company has a market capitalization of $3,464.56, a PE ratio of 7.75 and a beta of 0.85.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The firm had revenue of $156.46 million for the quarter, compared to analysts’ expectations of $150.29 million. During the same period in the previous year, the business earned $0.68 earnings per share. Chimera Investment’s revenue for the quarter was up .3% compared to the same quarter last year. equities research analysts anticipate that Chimera Investment will post 2.33 EPS for the current fiscal year.

In related news, insider Mohit Marria acquired 6,625 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $17.89 per share, for a total transaction of $118,521.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Chimera Investment by 0.7% during the 2nd quarter. IFP Advisors Inc now owns 15,646 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 108 shares during the period. Raymond James Trust N.A. raised its holdings in Chimera Investment by 0.6% during the 2nd quarter. Raymond James Trust N.A. now owns 21,501 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 133 shares during the period. Utah Retirement Systems raised its holdings in Chimera Investment by 0.4% during the 2nd quarter. Utah Retirement Systems now owns 34,290 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 151 shares during the period. Synovus Financial Corp raised its holdings in Chimera Investment by 3.3% during the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 326 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Chimera Investment by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 50.73% of the company’s stock.

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About Chimera Investment

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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