Chimera Investment Corporation (CIM) Given a $18.00 Price Target by Barclays PLC Analysts

Chimera Investment Corporation (NYSE:CIM) has been assigned a $18.00 price target by equities researchers at Barclays PLC in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Barclays PLC’s price target would indicate a potential downside of 5.06% from the stock’s previous close.

A number of other equities research analysts have also weighed in on CIM. BidaskClub upgraded Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Deutsche Bank AG raised their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. ValuEngine upgraded Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 price objective on shares of Chimera Investment Corporation in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Chimera Investment Corporation presently has an average rating of “Hold” and an average price target of $18.83.

Shares of Chimera Investment Corporation (NYSE:CIM) opened at 18.96 on Tuesday. The stock has a market cap of $3.56 billion, a PE ratio of 5.45 and a beta of 0.88. Chimera Investment Corporation has a 1-year low of $14.87 and a 1-year high of $20.90. The company’s 50-day moving average price is $19.08 and its 200 day moving average price is $19.14.

Chimera Investment Corporation (NYSE:CIM) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business had revenue of $150.70 million for the quarter, compared to analyst estimates of $149.75 million. During the same quarter last year, the business earned $0.51 EPS. Chimera Investment Corporation’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts forecast that Chimera Investment Corporation will post $2.32 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in Chimera Investment Corporation by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 115,048 shares of the real estate investment trust’s stock worth $2,143,000 after buying an additional 5,482 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Chimera Investment Corporation by 160.6% during the 2nd quarter. Sterling Capital Management LLC now owns 109,062 shares of the real estate investment trust’s stock worth $2,032,000 after buying an additional 67,206 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Chimera Investment Corporation by 7.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 68,461 shares of the real estate investment trust’s stock worth $1,275,000 after buying an additional 4,621 shares during the last quarter. NFC Investments LLC lifted its holdings in Chimera Investment Corporation by 1.4% during the 2nd quarter. NFC Investments LLC now owns 862,516 shares of the real estate investment trust’s stock worth $16,069,000 after buying an additional 11,630 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Chimera Investment Corporation by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 341 shares during the last quarter. 52.19% of the stock is currently owned by institutional investors.

About Chimera Investment Corporation

Chimera Investment Corporation is a real estate investment trust (REIT). The company 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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