Royal Bank Of Canada Downgrades Chimera Investment (NYSE:CIM) to Sector Perform

Chimera Investment (NYSE:CIM) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Tuesday, MarketBeat reports. They presently have a $13.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.97% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group lowered their price target on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chimera Investment in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.50.

Chimera Investment Price Performance

Shares of Chimera Investment stock opened at $12.88 on Tuesday. The company has a quick ratio of 8.22, a current ratio of 8.22 and a debt-to-equity ratio of 4.75. The firm has a market cap of $1.07 billion, a PE ratio of -32.19 and a beta of 1.83. Chimera Investment has a 12-month low of $9.85 and a 12-month high of $15.37. The company’s fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $13.43.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 EPS for the quarter. Chimera Investment had a return on equity of 7.36% and a net margin of 4.27%.The business had revenue of ($60.05) million during the quarter. As a group, equities analysts expect that Chimera Investment will post 1.57 EPS for the current year.

Institutional Trading of Chimera Investment

Several large investors have recently added to or reduced their stakes in the business. Graham Capital Management L.P. boosted its stake in shares of Chimera Investment by 29.1% during the 1st quarter. Graham Capital Management L.P. now owns 97,838 shares of the real estate investment trust’s stock worth $1,255,000 after acquiring an additional 22,048 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Chimera Investment by 8.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 844,590 shares of the real estate investment trust’s stock worth $10,836,000 after purchasing an additional 67,362 shares in the last quarter. Nuveen LLC bought a new position in Chimera Investment in the 1st quarter worth $2,703,000. Russell Investments Group Ltd. raised its holdings in Chimera Investment by 5,110.0% in the 1st quarter. Russell Investments Group Ltd. now owns 104,357 shares of the real estate investment trust’s stock worth $1,339,000 after purchasing an additional 102,354 shares during the period. Finally, Fox Run Management L.L.C. lifted its position in Chimera Investment by 100.6% during the second quarter. Fox Run Management L.L.C. now owns 42,789 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 21,462 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.