Analysts at Nomura began coverage on shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) in a report released on Wednesday, March 27th, Marketbeat.com reports. The brokerage set a “buy” rating and a $20.00 price target on the real estate investment trust’s stock. Nomura’s target price suggests a potential upside of 5.93% from the stock’s current price.
Several other analysts have also weighed in on CIM. Deutsche Bank lowered CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Friday, February 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. CHIMERA INVT CO/SH NEW currently has a consensus rating of “Hold” and a consensus target price of $19.88.
Shares of NYSE:CIM traded up $0.08 during mid-day trading on Wednesday, reaching $18.88. 790,983 shares of the company traded hands, compared to its average volume of 1,120,932. CHIMERA INVT CO/SH NEW has a 52 week low of $16.88 and a 52 week high of $19.42. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.33. The company has a market cap of $3.53 billion, a PE ratio of 8.07 and a beta of 0.57.
A number of hedge funds have recently added to or reduced their stakes in CIM. Norges Bank purchased a new stake in CHIMERA INVT CO/SH NEW in the fourth quarter worth $38,125,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CHIMERA INVT CO/SH NEW during the 3rd quarter worth $24,016,000. NFC Investments LLC bought a new position in shares of CHIMERA INVT CO/SH NEW during the 4th quarter worth $17,294,000. Thornburg Investment Management Inc. grew its position in shares of CHIMERA INVT CO/SH NEW by 9.5% during the 4th quarter. Thornburg Investment Management Inc. now owns 8,900,000 shares of the real estate investment trust’s stock worth $158,598,000 after buying an additional 775,000 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of CHIMERA INVT CO/SH NEW by 6.1% during the 3rd quarter. BlackRock Inc. now owns 12,148,229 shares of the real estate investment trust’s stock worth $220,247,000 after buying an additional 702,989 shares in the last quarter. Institutional investors and hedge funds own 49.35% of the company’s stock.
CHIMERA INVT CO/SH NEW Company Profile
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.
Further Reading: SEC Filing
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