CHIMERA INVT CO/SH NEW (NYSE:CIM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.70.

Several analysts have recently weighed in on CIM shares. ValuEngine upgraded CHIMERA INVT CO/SH NEW from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 6th. Nomura restated a “buy” rating and set a $12.00 target price on shares of CHIMERA INVT CO/SH NEW in a research note on Thursday, April 30th. Barclays restated a “hold” rating and set a $9.00 target price (down from $20.00) on shares of CHIMERA INVT CO/SH NEW in a research note on Wednesday, April 29th. TheStreet downgraded CHIMERA INVT CO/SH NEW from a “c-” rating to a “d” rating in a research note on Wednesday, May 6th. Finally, Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “strong sell” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Monday, June 8th.

Large investors have recently bought and sold shares of the stock. KBC Group NV acquired a new position in CHIMERA INVT CO/SH NEW in the fourth quarter worth about $509,000. BNP Paribas Arbitrage SA lifted its holdings in CHIMERA INVT CO/SH NEW by 393.1% in the first quarter. BNP Paribas Arbitrage SA now owns 178,961 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 142,668 shares during the last quarter. Amalgamated Bank lifted its holdings in CHIMERA INVT CO/SH NEW by 11.6% in the fourth quarter. Amalgamated Bank now owns 41,154 shares of the real estate investment trust’s stock worth $846,000 after acquiring an additional 4,264 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CHIMERA INVT CO/SH NEW by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 2,737,128 shares of the real estate investment trust’s stock worth $56,734,000 after acquiring an additional 165,496 shares during the last quarter. Finally, State Street Corp lifted its holdings in CHIMERA INVT CO/SH NEW by 10.0% in the first quarter. State Street Corp now owns 3,608,282 shares of the real estate investment trust’s stock worth $34,587,000 after acquiring an additional 329,268 shares during the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

NYSE CIM traded down $0.77 during trading hours on Friday, hitting $9.33. The company had a trading volume of 25,738,045 shares, compared to its average volume of 5,090,291. CHIMERA INVT CO/SH NEW has a fifty-two week low of $6.42 and a fifty-two week high of $22.99. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -11.66 and a beta of 0.91. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.05 and a quick ratio of 0.05. The firm’s 50 day moving average is $9.14 and its 200 day moving average is $14.84.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.25. The company had revenue of $155.18 million during the quarter, compared to the consensus estimate of $114.70 million. CHIMERA INVT CO/SH NEW had a positive return on equity of 12.02% and a negative net margin of 7.15%. On average, equities analysts anticipate that CHIMERA INVT CO/SH NEW will post 1.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, June 22nd will be paid a $0.30 dividend. The ex-dividend date is Friday, June 19th. This represents a $1.20 dividend on an annualized basis and a yield of 12.86%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is 53.33%.

About CHIMERA INVT CO/SH NEW

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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