Credit Suisse AG Increases Stake in Chimera Investment Corporation (CIM)

04 Août, 2017, 20:31 | Author: Marc Bacque

Finally, Barclays PLC set a $17.00 price target on shares of Chimera Investment Corporation and gave the stock a hold rating in a research note on Monday, May 8th. March 23 investment analysts at Nomura kept the stock rating at "Buy" and moved down the price target to $15.00 from $16.00. The company now has a consensus rating of "Hold" and a consensus price target of $18.17. Moreover, Nfc Invests Ltd Liability Corporation has 5.66% invested in Chimera Investment Corporation (NYSE:CIM) for 859,836 shares.

Other hedge funds have also bought and sold shares of the company.

Shares last traded at $18.75 slightly below $18.91, the stock's 50 day moving average and which is a tad under the 200 day moving average of $19.00. Chimera Investment has $27 highest and $14 lowest target.

The most current P/E ratio is 5.637 and the market value is 3.51B.

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Chimera Investment Corporation (NYSE:CIM) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.63 by $0.03. The firm had revenue of $150.70 million for the quarter, compared to the consensus estimate of $149.75 million.

On 11/1/2016 Chimera Investment Corporation announced a quarterly dividend of $0.50 12.3% with an ex dividend date of 12/28/2016 which will be payable on 1/27/2017. The business's revenue for the quarter was up 9.3% compared to the same quarter previous year. During the same quarter in the prior year, the company earned $0.51 EPS.

The current consensus rating on Chimera Investment Corporation (NYSE:CIM) is Hold (Score: 2.17) with a consensus target price of $17.20 per share, a potential 8.07% downside. State Street Corp raised its stake in Chimera Investment Corporation by 0.9% in the first quarter. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global trademark & copyright law. The legal version of this story can be accessed at https://baseballnewssource.com/markets/bidaskclub-lowers-chimera-investment-corporation-cim-to-hold/1364041.html. It is without change, as 0 investors sold Chimera Investment Corporation shares while 2 reduced holdings. only 0 funds opened positions while 1 raised stakes. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.68%. Chimera Investment Corporation's dividend payout ratio is presently 60.24%. IFC Holdings Incorporated FL increased its stake in Chimera Investment Corporation by 37.3% in the first quarter. Creative Planning now owns 57,700 shares of the real estate investment trust's stock worth $1,164,000 after buying an additional 9,417 shares during the period. Snow Capital Management LP bought a new position in shares of Chimera Investment Corporation during the first quarter valued at approximately $201,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Chimera Investment Corporation during the first quarter valued at approximately $22,283,000. Mackenzie Financial Corp increased its position in shares of Chimera Investment Corporation by 43.8% in the first quarter. LSV Asset Management now owns 2,247,147 shares of the real estate investment trust's stock valued at $45,347,000 after buying an additional 744,848 shares during the period. BlackRock Inc. raised its stake in Chimera Investment Corporation by 14,286.5% in the first quarter. Copper Rock Capital Partners LLC now owns 1,886,050 shares of the real estate investment trust's stock worth $38,004,000 after buying an additional 31,869 shares during the period. Institutional investors own 55.30% of the company's stock.

They now have a $20 target on Chimera Investment (NYSE:CIM). The firm is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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