Chimera Investment Corp. (NYSE:CIM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.00 and last traded at $15.94, with a volume of 538,495 shares changing hands. The stock had previously closed at $15.99.

Several research firms recently issued reports on CIM. Nomura reiterated a “buy” rating and issued a $17.00 price target on shares of Chimera Investment Corp. in a report on Tuesday, July 5th. Wells Fargo & Co. cut Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 4th. Zacks Investment Research upgraded Chimera Investment Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Nomura Holdings Inc. restated a “buy” rating and set a $15.00 target price (down previously from $16.00) on shares of Chimera Investment Corp. in a report on Wednesday, March 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Chimera Investment Corp. has an average rating of “Hold” and an average target price of $16.92.

The firm has a market cap of $2.99 billion and a P/E ratio of 11.7643. The company has a 50 day moving average price of $15.44 and a 200-day moving average price of $13.95.

Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. During the same period last year, the firm posted $0.59 EPS. On average, equities research analysts forecast that Chimera Investment Corp. will post $2.20 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.01%.

Other institutional investors have recently modified their holdings of the company. Jennison Associates boosted its position in shares of Chimera Investment Corp. by 3.4% in the third quarter. Jennison Associates now owns 1,255,618 shares of the company’s stock worth $16,788,000 after buying an additional 41,786 shares during the last quarter. Russell Frank Co boosted its position in shares of Chimera Investment Corp. by 126.6% in the fourth quarter. Russell Frank Co now owns 403,766 shares of the company’s stock worth $5,532,000 after buying an additional 225,586 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Chimera Investment Corp. by 45.0% in the fourth quarter. First Trust Advisors LP now owns 1,704,868 shares of the company’s stock worth $23,254,000 after buying an additional 529,296 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Chimera Investment Corp. by 1.2% in the fourth quarter. Rhumbline Advisers now owns 148,525 shares of the company’s stock worth $2,026,000 after buying an additional 1,754 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of 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 worth $8,033,000 after buying an additional 35,000 shares during the last quarter.

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