Shares of Chimera Investment Co. (NYSE:CIM) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.50.
Several research firms have issued reports on CIM. ValuEngine cut Chimera Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group upgraded Chimera Investment from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $18.01 to $19.00 in a research report on Thursday, January 25th. Deutsche Bank upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research cut Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.
Chimera Investment (CIM) traded up $0.05 during trading hours on Friday, reaching $16.52. The company’s stock had a trading volume of 1,358,251 shares, compared to its average volume of 1,460,000. The stock has a market capitalization of $3,110.00, a PE ratio of 5.08 and a beta of 0.67. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.02 and a quick ratio of 0.02. Chimera Investment has a 1 year low of $15.77 and a 1 year high of $20.90.
A number of institutional investors have recently bought and sold shares of CIM. American Century Companies Inc. acquired a new stake in Chimera Investment in the fourth quarter valued at $9,021,000. Janus Henderson Group PLC acquired a new stake in Chimera Investment in the second quarter valued at $7,516,000. FMR LLC grew its holdings in Chimera Investment by 34.7% in the second quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock valued at $27,314,000 after purchasing an additional 377,925 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in Chimera Investment in the third quarter valued at $2,434,000. Finally, First Trust Advisors LP grew its holdings in Chimera Investment by 11.3% in the third quarter. First Trust Advisors LP now owns 1,229,435 shares of the real estate investment trust’s stock valued at $23,261,000 after purchasing an additional 124,413 shares during the last quarter. 50.29% of the stock is currently owned by institutional investors.
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About Chimera Investment
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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