Shares of CHIMERA Invt Co/SH NEW (NYSE:CIM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.00.

Several equities research analysts have recently commented on CIM shares. Zacks Investment Research upgraded shares of CHIMERA Invt Co/SH NEW from a “sell” rating to a “hold” rating in a report on Monday, July 9th. Deutsche Bank lowered shares of CHIMERA Invt Co/SH NEW from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a report on Thursday, August 2nd. Finally, Royal Bank of Canada started coverage on shares of CHIMERA Invt Co/SH NEW in a report on Friday, June 15th. They issued an “outperform” rating and a $20.00 price target for the company.

NYSE:CIM opened at $18.62 on Friday. CHIMERA Invt Co/SH NEW has a one year low of $15.77 and a one year high of $19.77. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market capitalization of $3.50 billion, a PE ratio of 7.76 and a beta of 0.56.

CHIMERA Invt Co/SH NEW (NYSE:CIM) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. CHIMERA Invt Co/SH NEW had a net margin of 50.23% and a return on equity of 12.60%. The business had revenue of $145.17 million during the quarter, compared to analyst estimates of $146.90 million. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. research analysts forecast that CHIMERA Invt Co/SH NEW will post 2.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a dividend yield of 10.74%. CHIMERA Invt Co/SH NEW’s dividend payout ratio is currently 85.47%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gables Capital Management Inc. raised its stake in shares of CHIMERA Invt Co/SH NEW by 7.8% during the 2nd quarter. Gables Capital Management Inc. now owns 37,705 shares of the real estate investment trust’s stock worth $692,000 after acquiring an additional 2,725 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of CHIMERA Invt Co/SH NEW by 3.1% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 93,650 shares of the real estate investment trust’s stock worth $1,712,000 after acquiring an additional 2,791 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of CHIMERA Invt Co/SH NEW by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 93,929 shares of the real estate investment trust’s stock worth $1,717,000 after acquiring an additional 2,829 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of CHIMERA Invt Co/SH NEW by 15.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,217 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 3,007 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CHIMERA Invt Co/SH NEW by 5.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 66,702 shares of the real estate investment trust’s stock worth $1,162,000 after acquiring an additional 3,520 shares in the last quarter. Hedge funds and other institutional investors own 47.39% of the company’s stock.

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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Analyst Recommendations for CHIMERA Invt Co/SH NEW (NYSE:CIM)

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