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.
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.
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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