Chimera Investment's (CIM) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Chimera Investment's stock rating has been reaffirmed as "hold (C-)" by Weiss Ratings amid varying assessments from different research firms.
• The company's stock recently traded at $13.06, with a significant market cap of $1.06 billion, though it reported earnings below consensus estimates.
• A total of 48.44% of Chimera Investment's stock is owned by institutional investors, indicating considerable faith in the company's market potential.

Chimera Investment (NYSE:CIM - Get Free Report)'s stock had its "hold (c-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on CIM. Keefe, Bruyette & Woods reduced their price target on shares of Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, July 10th. Wall Street Zen lowered shares of Chimera Investment from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group boosted their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.50.

Chimera Investment Stock Up 0.3%

NYSE CIM traded up $0.04 on Wednesday, hitting $13.06. The stock had a trading volume of 444,256 shares, compared to its average volume of 686,138. Chimera Investment has a 52-week low of $9.85 and a 52-week high of $16.27. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.37 and a beta of 1.85. The business's fifty day moving average price is $13.80 and its 200 day moving average price is $13.31.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $66.01 million for the quarter, compared to analyst estimates of $83.89 million. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. Equities research analysts anticipate that Chimera Investment will post 1.57 earnings per share for the current year.

Institutional Investors Weigh In On Chimera Investment

A number of institutional investors and hedge funds have recently bought and sold shares of CIM. Manning & Napier Advisors LLC boosted its stake in shares of Chimera Investment by 50.0% in the first quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the real estate investment trust's stock worth $1,924,000 after buying an additional 50,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Chimera Investment by 18.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust's stock worth $225,000 after buying an additional 2,730 shares during the last quarter. Cadent Capital Advisors LLC raised its stake in Chimera Investment by 23.9% during the 1st quarter. Cadent Capital Advisors LLC now owns 215,712 shares of the real estate investment trust's stock valued at $2,768,000 after acquiring an additional 41,679 shares during the last quarter. Graham Capital Management L.P. raised its stake in Chimera Investment by 29.1% during the 1st quarter. Graham Capital Management L.P. now owns 97,838 shares of the real estate investment trust's stock valued at $1,255,000 after acquiring an additional 22,048 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $10,836,000 after purchasing an additional 67,362 shares during the period. 48.44% of the stock is owned by institutional investors.

Chimera Investment Company Profile

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.

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