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

Key Points

• Chimera Investment has had its stock rating reaffirmed as "hold (C-)" by Weiss Ratings, indicating a cautious outlook on the company.
• Several analysts have adjusted their price targets for the stock, with Keefe, Bruyette & Woods lowering it from $16.50 to $15.00, while UBS Group raised it from $15.00 to $16.00.
• The company's current stock price is $13.06, with significant institutional ownership at 48.44%, reflecting investor interest despite mixed analyst ratings.

Chimera Investment (NYSE:CIM - Get Free Report)'s stock had its "hold (c-)" rating restated by Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

CIM has been the subject of several other research reports. Keefe, Bruyette & Woods dropped 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 note on Thursday, July 10th. Wall Street Zen downgraded shares of Chimera Investment from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, UBS Group boosted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $15.50.

Chimera Investment Trading Up 0.9%

NYSE CIM traded up $0.12 on Friday, reaching $13.06. The stock had a trading volume of 376,693 shares, compared to its average volume of 636,320. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.36 and a beta of 1.85. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment has a 12-month low of $9.85 and a 12-month high of $15.97. The stock has a fifty day moving average price of $13.65 and a two-hundred day moving average price of $13.34.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of ($60.05) million for the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. As a group, sell-side analysts forecast that Chimera Investment will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Chimera Investment

Large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in Chimera Investment in the third quarter valued at $54,000. CWM LLC raised its holdings in shares of Chimera Investment by 508.4% in the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust's stock valued at $72,000 after buying an additional 4,342 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 3,423 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Chimera Investment by 59.2% during the second quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 2,857 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in Chimera Investment during the first quarter worth about $131,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.