Chimera Investment (NYSE:CIM - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.
Chimera Investment Stock Performance
Shares of CIM stock traded down $0.09 during mid-day trading on Friday, hitting $4.62. The stock had a trading volume of 1,687,439 shares, compared to its average volume of 1,297,716. Chimera Investment has a fifty-two week low of $3.92 and a fifty-two week high of $6.49. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.12 and a quick ratio of 0.12. The company's 50-day simple moving average is $4.34 and its 200-day simple moving average is $4.69. The firm has a market cap of $1.11 billion, a PE ratio of 20.07 and a beta of 1.68.
Hedge Funds Weigh In On Chimera Investment
A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Chimera Investment by 0.6% in the third quarter. Rhumbline Advisers now owns 385,856 shares of the real estate investment trust's stock valued at $2,107,000 after buying an additional 2,422 shares in the last quarter. Strategic Advisors LLC raised its holdings in Chimera Investment by 14.2% during the first quarter. Strategic Advisors LLC now owns 20,155 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 2,500 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Chimera Investment by 1.2% in the third quarter. Natixis Advisors L.P. now owns 226,787 shares of the real estate investment trust's stock valued at $1,238,000 after purchasing an additional 2,708 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Chimera Investment by 23.0% in the fourth quarter. Private Advisor Group LLC now owns 16,421 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 3,066 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Chimera Investment by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust's stock worth $189,000 after buying an additional 3,218 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.
About Chimera Investment
(
Get Free Report)
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.
See Also
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.
Before you consider Chimera Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chimera Investment wasn't on the list.
While Chimera Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
