Chimera Investment (NYSE:CIM) will be issuing its quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
Shares of Chimera Investment (CIM) opened at $16.75 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02. Chimera Investment has a 1 year low of $15.77 and a 1 year high of $20.90. The stock has a market capitalization of $3,150.00, a PE ratio of 5.15 and a beta of 0.67.
CIM has been the subject of several research analyst reports. Credit Suisse Group upgraded Chimera Investment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $18.01 to $19.00 in a research report on Thursday, January 25th. Zacks Investment Research cut Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Deutsche Bank upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. ValuEngine upgraded Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Finally, Barclays set a $18.00 target price on Chimera Investment and gave the stock a “hold” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.88.
A hedge fund recently raised its stake in Chimera Investment stock. The Manufacturers Life Insurance Company raised its position in shares of Chimera Investment Co. (NYSE:CIM) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,580 shares of the real estate investment trust’s stock after buying an additional 341 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Chimera Investment were worth $123,000 as of its most recent SEC filing. 50.29% of the stock is owned by hedge funds and other institutional investors.
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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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