Chimera Investment (NYSE:CIM) Upgraded by Wall Street Zen to “Hold” Rating

Chimera Investment (NYSE:CIM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.50.

Chimera Investment Price Performance

Shares of CIM traded up $0.49 during midday trading on Friday, hitting $12.22. The company’s stock had a trading volume of 1,529,188 shares, compared to its average volume of 599,053. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment has a one year low of $9.85 and a one year high of $15.48. The stock has a market capitalization of $990.31 million, a price-to-earnings ratio of 9.69 and a beta of 1.87. The company’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $13.46.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share for the quarter. The business had revenue of ($60.05) million for the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. As a group, equities analysts expect that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chimera Investment

A number of hedge funds have recently modified their holdings of CIM. Sound Income Strategies LLC acquired a new stake in Chimera Investment in the third quarter valued at $54,000. CWM LLC grew its position in shares of Chimera Investment by 508.4% in the 2nd quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 4,342 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Chimera Investment by 92.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares during the period. BNP Paribas Financial Markets raised its position in shares of Chimera Investment by 59.2% during the second quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,857 shares during the last quarter. Finally, Vision Financial Markets LLC acquired a new position in shares of Chimera Investment in the second quarter worth approximately $140,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Company Profile

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.