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.
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.
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