Chimera Investment (NYSE:CIM) Stock Price Expected to Rise, UBS Group Analyst Says

Chimera Investment (NYSE:CIM - Free Report) had its price objective boosted by UBS Group from $15.00 to $16.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust's stock.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada upgraded Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Wall Street Zen upgraded Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on Chimera Investment from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Chimera Investment has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Chimera Investment Stock Down 0.5%

CIM stock traded down $0.08 during midday trading on Thursday, hitting $14.07. The company's stock had a trading volume of 439,265 shares, compared to its average volume of 564,819. The company has a market cap of $1.14 billion, a PE ratio of 9.38 and a beta of 1.74. Chimera Investment has a 12 month low of $9.85 and a 12 month high of $16.89. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93. The firm's 50-day moving average is $13.56 and its 200-day moving average is $13.44.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $69.22 million during the quarter, compared to analyst estimates of $72.07 million. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. On average, equities research analysts forecast that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.52%. The ex-dividend date is Monday, June 30th. Chimera Investment's dividend payout ratio is currently 98.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Chimera Investment by 12.4% in the 4th quarter. Barclays PLC now owns 206,059 shares of the real estate investment trust's stock worth $2,885,000 after buying an additional 22,764 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Chimera Investment by 79.0% in the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust's stock valued at $793,000 after acquiring an additional 25,000 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Chimera Investment by 47.6% in the 4th quarter. Deutsche Bank AG now owns 69,741 shares of the real estate investment trust's stock valued at $976,000 after acquiring an additional 22,476 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock valued at $4,339,000 after acquiring an additional 142,105 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its holdings in shares of Chimera Investment by 50.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the real estate investment trust's stock valued at $1,924,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors own 48.44% of the company's stock.

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.