CHIMERA INVT CO/SH NEW (NYSE:CIM) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.
Separately, Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, November 5th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. CHIMERA INVT CO/SH NEW presently has a consensus rating of “Hold” and a consensus price target of $19.38.
CIM stock traded down $0.31 during trading on Wednesday, hitting $18.75. 3,139,500 shares of the company’s stock were exchanged, compared to its average volume of 1,314,903. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 8.01 and a beta of 0.58. CHIMERA INVT CO/SH NEW has a 52-week low of $16.68 and a 52-week high of $19.32. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.30.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. CHIMERA INVT CO/SH NEW had a return on equity of 12.52% and a net margin of 50.69%. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, sell-side analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.32 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIM. Mirae Asset Global Investments Co. Ltd. acquired a new position in CHIMERA INVT CO/SH NEW during the third quarter worth approximately $24,016,000. Wells Fargo & Company MN increased its holdings in shares of CHIMERA INVT CO/SH NEW by 183.2% in the third quarter. Wells Fargo & Company MN now owns 1,821,437 shares of the real estate investment trust’s stock valued at $33,022,000 after purchasing an additional 1,178,260 shares during the period. NFC Investments LLC acquired a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter valued at approximately $17,294,000. Thornburg Investment Management Inc. increased its holdings in shares of CHIMERA INVT CO/SH NEW by 9.5% in the fourth quarter. Thornburg Investment Management Inc. now owns 8,900,000 shares of the real estate investment trust’s stock valued at $158,598,000 after purchasing an additional 775,000 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of CHIMERA INVT CO/SH NEW by 6.1% in the third quarter. BlackRock Inc. now owns 12,148,229 shares of the real estate investment trust’s stock valued at $220,247,000 after purchasing an additional 702,989 shares during the period. 47.57% of the stock is currently owned by institutional investors.
CHIMERA INVT CO/SH NEW Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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