Chimera Investment (NYSE:CIM) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Chimera Investment Corporation (NYSE:CIM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.07 and traded as high as $13.52. Chimera Investment shares last traded at $13.2950, with a volume of 877,092 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CIM shares. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings raised Chimera Investment from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada lowered Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 target price on the stock. in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.50.

Chimera Investment Trading Up 0.8%

The company has a 50 day simple moving average of $13.16 and a 200 day simple moving average of $13.07. The company has a market capitalization of $1.10 billion, a PE ratio of 7.53 and a beta of 1.80. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.06 and a current ratio of 0.06.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%.The business had revenue of $72.01 million for the quarter, compared to the consensus estimate of $80.77 million. Analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.37. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.7%. Chimera Investment’s payout ratio is currently 84.57%.

Hedge Funds Weigh In On Chimera Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. VSM Wealth Advisory LLC grew its stake in Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 936 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Chimera Investment by 864.7% during the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,862 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Chimera Investment in the third quarter valued at approximately $54,000. IFP Advisors Inc grew its position in shares of Chimera Investment by 1,211.4% in the fourth quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 5,742 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 3,423 shares during the last quarter. 48.44% of the stock is owned by hedge funds and other institutional investors.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.