Chimera Investment Co. (CIM) Given Consensus Recommendation of “Hold” by Brokerages

Chimera Investment Co. (NYSE:CIM) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.33.

Several analysts have issued reports on the company. ValuEngine cut Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank raised Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Credit Suisse Group raised Chimera Investment from a “neutral” rating to an “outperform” rating and upped their price target for the company from $18.01 to $19.00 in a research note on Thursday, January 25th. Zacks Investment Research lowered Chimera Investment from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Chimera Investment in a research note on Friday, February 16th.

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Several institutional investors have recently made changes to their positions in the company. West Family Investments Inc. lifted its stake in shares of Chimera Investment by 0.7% in the 4th quarter. West Family Investments Inc. now owns 2,780,881 shares of the real estate investment trust’s stock valued at $51,253,000 after purchasing an additional 19,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in Chimera Investment by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 2,779,722 shares of the real estate investment trust’s stock worth $51,369,000 after acquiring an additional 143,919 shares in the last quarter. LSV Asset Management lifted its stake in Chimera Investment by 1.7% during the 4th quarter. LSV Asset Management now owns 2,617,347 shares of the real estate investment trust’s stock worth $48,368,000 after acquiring an additional 43,667 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Chimera Investment by 2.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,896,578 shares of the real estate investment trust’s stock worth $35,049,000 after acquiring an additional 52,874 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Chimera Investment by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,433,256 shares of the real estate investment trust’s stock worth $27,046,000 after acquiring an additional 84,782 shares in the last quarter. 50.18% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CIM traded down $0.02 during trading hours on Friday, hitting $17.44. The company had a trading volume of 752,396 shares, compared to its average volume of 1,161,631. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.64. The stock has a market cap of $3,275.39, a P/E ratio of 7.45 and a beta of 0.51. Chimera Investment has a 1 year low of $15.77 and a 1 year high of $20.90.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $157.75 million during the quarter, compared to analysts’ expectations of $148.90 million. Chimera Investment had a return on equity of 12.92% and a net margin of 46.07%. During the same period in the prior year, the business earned $0.65 EPS. equities analysts anticipate that Chimera Investment will post 2.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.47%. The ex-dividend date is Thursday, March 29th. Chimera Investment’s dividend payout ratio (DPR) is presently 85.47%.

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About Chimera Investment

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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