Chimera Investment (NYSE:CIM) Price Target Raised to $16.00 at UBS Group

Chimera Investment (NYSE:CIM - Free Report) had its price target hoisted by UBS Group from $15.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust's stock.

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

Chimera Investment Trading Down 0.9%

CIM traded down $0.13 during trading on Thursday, hitting $14.02. 162,950 shares of the stock traded hands, compared to its average volume of 589,164. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.34 and a beta of 1.74. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.70 and a quick ratio of 3.70. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $13.45. Chimera Investment has a 12-month low of $9.85 and a 12-month high of $16.89.

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

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.56%. Chimera Investment's dividend payout ratio is currently 98.67%.

Institutional Trading of Chimera Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management increased its stake in Chimera Investment by 306.2% during the 1st quarter. LSV Asset Management now owns 1,419,535 shares of the real estate investment trust's stock valued at $18,213,000 after purchasing an additional 1,070,034 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Chimera Investment by 9.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust's stock valued at $16,158,000 after purchasing an additional 111,458 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Chimera Investment by 8.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 844,590 shares of the real estate investment trust's stock valued at $10,836,000 after purchasing an additional 67,362 shares in the last quarter. Northern Trust Corp increased its stake in Chimera Investment by 9.6% during the 4th quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock valued at $11,212,000 after purchasing an additional 70,362 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Chimera Investment by 17.8% in the fourth quarter. Two Sigma Investments LP now owns 514,470 shares of the real estate investment trust's stock worth $7,203,000 after acquiring an additional 77,835 shares during the period. 48.44% of the stock is currently owned by institutional investors.

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.