Chimera Investment (NYSE:CIM) Given Sector Perform Rating at Royal Bank Of Canada

Chimera Investment (NYSE:CIM)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Wednesday,Benzinga reports. They currently have a $14.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 5.66% from the company’s current price.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chimera Investment presently has an average rating of “Hold” and a consensus price target of $14.83.

Chimera Investment Price Performance

Shares of CIM stock traded down $0.29 on Wednesday, hitting $13.25. 247,581 shares of the stock traded hands, compared to its average volume of 788,080. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -16.56 and a beta of 1.68. Chimera Investment has a 52 week low of $11.67 and a 52 week high of $14.88. The firm has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $13.03. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm 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

Large investors have recently made changes to their positions in the business. VSM Wealth Advisory LLC increased its holdings in shares of 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 buying an additional 936 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 2,862 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of 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 buying an additional 5,742 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 buying an additional 3,423 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 buying an additional 2,857 shares during 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.