According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “
A number of other brokerages have also recently weighed in on CIM. Nomura began coverage on shares of CHIMERA INVT CO/SH NEW in a research note on Wednesday, March 27th. They issued a “buy” rating and a $20.00 price objective for the company. Deutsche Bank cut shares of CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CHIMERA INVT CO/SH NEW presently has an average rating of “Hold” and a consensus target price of $19.88.
Shares of CHIMERA INVT CO/SH NEW stock traded down $0.04 on Friday, reaching $18.88. The stock had a trading volume of 868,300 shares, compared to its average volume of 1,242,725. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.09. CHIMERA INVT CO/SH NEW has a fifty-two week low of $16.88 and a fifty-two week high of $19.42. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 8.07 and a beta of 0.56.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). CHIMERA INVT CO/SH NEW had a return on equity of 12.59% and a net margin of 21.84%. The firm had revenue of $147.44 million during the quarter, compared to analyst estimates of $151.69 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. CHIMERA INVT CO/SH NEW’s quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts predict that CHIMERA INVT CO/SH NEW will post 2.2 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in CHIMERA INVT CO/SH NEW during the fourth quarter worth $38,125,000. NFC Investments LLC bought a new position in CHIMERA INVT CO/SH NEW during the fourth quarter worth $17,294,000. Thornburg Investment Management Inc. increased its position in CHIMERA INVT CO/SH NEW by 9.5% during the fourth quarter. Thornburg Investment Management Inc. now owns 8,900,000 shares of the real estate investment trust’s stock worth $158,598,000 after acquiring an additional 775,000 shares during the period. Deutsche Bank AG increased its position in CHIMERA INVT CO/SH NEW by 94.5% during the fourth quarter. Deutsche Bank AG now owns 1,218,835 shares of the real estate investment trust’s stock worth $21,718,000 after acquiring an additional 592,118 shares during the period. Finally, Claybrook Capital LLC bought a new position in CHIMERA INVT CO/SH NEW during the first quarter worth $8,481,000. Institutional investors and hedge funds own 49.23% of the company’s stock.
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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