Chimera Investment (NYSE:CIM) Upgraded to Hold at Wall Street Zen

Chimera Investment (NYSE:CIM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

CIM has been the subject of several other reports. Weiss Ratings lowered Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $14.00 target price on shares of Chimera Investment in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chimera Investment currently has an average rating of “Hold” and an average price target of $14.83.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $13.66 on Friday. Chimera Investment has a 12-month low of $11.67 and a 12-month high of $14.88. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -17.08 and a beta of 1.68. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.31. The firm has a 50 day moving average of $13.41 and a 200 day moving average of $13.15.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $32.37 million for the quarter, compared to the consensus estimate of $102.35 million. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%.

Institutional Trading of Chimera Investment

Several institutional investors and hedge funds have recently modified their holdings of CIM. SG Americas Securities LLC purchased a new position in shares of Chimera Investment during the 4th quarter valued at $7,431,000. UBS Group AG boosted its holdings in Chimera Investment by 130.7% in the 4th quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust’s stock worth $9,493,000 after buying an additional 432,727 shares during the period. Ritholtz Wealth Management purchased a new stake in Chimera Investment in the 4th quarter worth $4,977,000. Millennium Management LLC increased its stake in Chimera Investment by 65.8% in the 4th quarter. Millennium Management LLC now owns 697,620 shares of the real estate investment trust’s stock worth $8,671,000 after buying an additional 276,950 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Chimera Investment by 88.7% in the 3rd quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust’s stock worth $7,594,000 after buying an additional 270,034 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.