Chimera Investment Co. (CIM) Given Average Recommendation of “Hold” by Brokerages

Shares of Chimera Investment Co. (NYSE:CIM) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.50.

A number of brokerages have weighed in on CIM. ValuEngine cut Chimera Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Credit Suisse Group upgraded Chimera Investment from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $18.01 to $19.00 in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut Chimera Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd.

In other news, CIO Mohit Marria acquired 3,000 shares of Chimera Investment stock in a transaction on Friday, December 29th. The stock was bought at an average price of $25.82 per share, for a total transaction of $77,460.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Chimera Investment by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 341 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Chimera Investment by 1.7% during the second quarter. Alliancebernstein L.P. now owns 108,311 shares of the real estate investment trust’s stock worth $2,018,000 after purchasing an additional 1,830 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Chimera Investment by 11.6% during the third quarter. Pacer Advisors Inc. now owns 29,152 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 3,028 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Chimera Investment by 77.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,286 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Chimera Investment by 0.9% during the second quarter. Parametric Portfolio Associates LLC now owns 489,594 shares of the real estate investment trust’s stock worth $9,121,000 after purchasing an additional 4,211 shares during the last quarter. Institutional investors and hedge funds own 50.29% of the company’s stock.

Shares of Chimera Investment (NYSE:CIM) traded up $0.05 during midday trading on Friday, reaching $16.52. The company’s stock had a trading volume of 1,358,251 shares, compared to its average volume of 1,460,000. 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 one year low of $15.77 and a one year high of $20.90. The stock has a market capitalization of $3,110.00, a PE ratio of 5.08 and a beta of 0.67.

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Chimera Investment 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.

Analyst Recommendations for Chimera Investment (NYSE:CIM)

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