Chimera Investment (NYSE:CIM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Chimera Investment Corporation (NYSE:CIM) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.10 and traded as high as $13.40. Chimera Investment shares last traded at $13.2440, with a volume of 596,251 shares.

Analyst Ratings Changes

CIM has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of Chimera Investment in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.83.

Chimera Investment Stock Down 1.0%

The business’s 50 day moving average price is $13.34 and its 200-day moving average price is $13.10. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $1.11 billion, a P/E ratio of -16.55 and a beta of 1.68.

Chimera Investment (NYSE:CIM) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%. The company had revenue of $32.37 million during the quarter, compared to analysts’ expectations of $102.35 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. VSM Wealth Advisory LLC raised its position in Chimera Investment by 64.3% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 936 shares during the last quarter. GAMMA Investing LLC raised its position in Chimera Investment by 864.7% in the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,862 shares during the last quarter. IFP Advisors Inc raised its position in Chimera Investment by 1,211.4% in the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 5,742 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Chimera Investment by 92.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 3,423 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,857 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

About Chimera Investment

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.