CHIMERA INVT CO/SH NEW (NYSE:CIM) has earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.33.
CIM has been the topic of several analyst reports. Nomura initiated coverage on shares of CHIMERA INVT CO/SH NEW in a research note on Wednesday. They set a “buy” rating and a $20.00 price target on the stock. Deutsche Bank lowered shares of CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research lowered shares of CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd.
Large investors have recently bought and sold shares of the stock. Enlightenment Research LLC acquired a new position in CHIMERA INVT CO/SH NEW in the 4th quarter valued at $80,000. Capital Investment Advisory Services LLC acquired a new position in CHIMERA INVT CO/SH NEW in the 4th quarter valued at $100,000. Tower Research Capital LLC TRC acquired a new position in CHIMERA INVT CO/SH NEW in the 3rd quarter valued at $126,000. Ffcm LLC grew its stake in CHIMERA INVT CO/SH NEW by 696.9% in the 4th quarter. Ffcm LLC now owns 8,351 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 7,303 shares during the last quarter. Finally, HRT Financial LLC acquired a new position in CHIMERA INVT CO/SH NEW in the 3rd quarter valued at $189,000. Institutional investors and hedge funds own 49.35% of the company’s stock.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. CHIMERA INVT CO/SH NEW had a net margin of 32.33% and a return on equity of 12.43%. The company had revenue of $154.12 million for the quarter, compared to analyst estimates of $146.80 million. During the same quarter in the prior year, the business posted $0.62 EPS. Equities research analysts forecast that CHIMERA INVT CO/SH NEW will post 2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.67%. CHIMERA INVT CO/SH NEW’s payout ratio is presently 85.47%.
About CHIMERA INVT CO/SH NEW
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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