Shares of Chimera Investment Corp. (NYSE:CIM) reached a new 52-week high on Wednesday . The stock traded as high as $15.83 and last traded at $15.82, with a volume of 1,291,440 shares trading hands. The stock had previously closed at $15.66.

Several analysts have recently weighed in on CIM shares. Zacks Investment Research downgraded shares of Chimera Investment Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 18th. Nomura Holdings Inc. reaffirmed a “buy” rating and set a $15.00 price target (down previously from $16.00) on shares of Chimera Investment Corp. in a research note on Wednesday, March 23rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.50 price target on shares of Chimera Investment Corp. in a research note on Sunday, March 13th. Nomura reaffirmed a “buy” rating and set a $17.00 price target on shares of Chimera Investment Corp. in a research note on Tuesday. Finally, Wells Fargo & Co. downgraded shares of Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.92.

The stock has a market cap of $2.98 billion and a price-to-earnings ratio of 11.71. The stock has a 50-day moving average of $15.36 and a 200-day moving average of $13.92.

Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts anticipate that Chimera Investment Corp. will post $2.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 12.11%.

Other hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Chimera Investment Corp. by 1.2% in the fourth quarter. Rhumbline Advisers now owns 148,525 shares of the company’s stock valued at $2,026,000 after buying an additional 1,754 shares during the period. Buckhead Capital Management LLC boosted its stake in Chimera Investment Corp. by 3.6% in the fourth quarter. Buckhead Capital Management LLC now owns 79,800 shares of the company’s stock valued at $1,088,000 after buying an additional 2,800 shares during the period. California Public Employees Retirement System boosted its stake in Chimera Investment Corp. by 6.3% in the fourth quarter. California Public Employees Retirement System now owns 588,940 shares of the company’s stock valued at $8,033,000 after buying an additional 35,000 shares during the period. Jennison Associates boosted its stake in Chimera Investment Corp. by 3.4% in the third quarter. Jennison Associates now owns 1,255,618 shares of the company’s stock valued at $16,788,000 after buying an additional 41,786 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Chimera Investment Corp. during the fourth quarter valued at $1,092,000.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.