Chimera Investment Corporation (NYSE:CIM - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $11.41 and last traded at $11.47, with a volume of 615342 shares traded. The stock had previously closed at $11.50.
Analyst Ratings Changes
Several research analysts recently issued reports on CIM shares. Wall Street Zen raised Chimera Investment from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. Royal Bank Of Canada restated a "sector perform" rating and set a $14.00 price target on shares of Chimera Investment in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of Chimera Investment from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Chimera Investment from $15.00 to $14.00 and set a "market perform" rating for the company in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.50.
Check Out Our Latest Research Report on Chimera Investment
Chimera Investment Price Performance
The stock has a 50 day moving average of $12.49 and a 200-day moving average of $13.03. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $960.15 million, a PE ratio of -11.25 and a beta of 1.67.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%. The firm had revenue of $94.77 million for the quarter, compared to analysts' expectations of $95.30 million.
Chimera Investment Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 15.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Chimera Investment's dividend payout ratio (DPR) is -176.47%.
Institutional Trading of Chimera Investment
A number of hedge funds have recently modified their holdings of CIM. California State Teachers Retirement System lifted its stake in shares of Chimera Investment by 1,465.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,247,904 shares of the real estate investment trust's stock valued at $16,647,000 after purchasing an additional 1,168,209 shares during the period. BlackRock Inc. boosted its holdings in Chimera Investment by 9.5% during the second quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust's stock worth $104,787,000 after buying an additional 681,996 shares in the last quarter. UBS Group AG grew its position in Chimera Investment by 130.7% during the fourth quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust's stock valued at $9,493,000 after buying an additional 432,727 shares during the period. Millennium Management LLC grew its position in Chimera Investment by 65.8% during the fourth quarter. Millennium Management LLC now owns 697,620 shares of the real estate investment trust's stock valued at $8,671,000 after buying an additional 276,950 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Chimera Investment by 88.7% in the third quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust's stock valued at $7,594,000 after buying an additional 270,034 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.
Chimera Investment Company Profile
(
Get Free Report)
Chimera Investment Corporation NYSE: CIM is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company's portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.
The firm's core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.
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