Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Chimera Investment Corporation (NYSE:CIM) in a research note released on Friday morning. Keefe, Bruyette & Woods currently has a $18.50 price target on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Chimera Investment Corporation from a hold rating to a sell rating in a research report on Friday, August 4th. BidaskClub raised shares of Chimera Investment Corporation from a hold rating to a buy rating in a research report on Thursday, June 15th. ValuEngine raised shares of Chimera Investment Corporation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG raised their price target on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a hold rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $18.50.

Chimera Investment Corporation (NYSE CIM) traded down 1.05% during mid-day trading on Friday, reaching $18.90. 895,472 shares of the company’s stock traded hands. The firm has a market cap of $3.55 billion, a PE ratio of 5.43 and a beta of 0.88. Chimera Investment Corporation has a 1-year low of $14.84 and a 1-year high of $20.90. The firm has a 50 day moving average of $19.08 and a 200 day moving average of $19.17.

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

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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date of this dividend is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio is 57.31%.

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in Chimera Investment Corporation by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Chimera Investment Corporation by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 485 shares in the last quarter. Ffcm LLC grew its stake in Chimera Investment Corporation by 99.8% during the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 4,840 shares in the last quarter. Snow Capital Management LP acquired a new stake in Chimera Investment Corporation during the first quarter worth about $201,000. Finally, Synovus Financial Corp grew its stake in Chimera Investment Corporation by 3.3% during the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 326 shares in the last quarter. 52.19% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Corporation Company Profile

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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