Chimera Investment Corp. (NYSE:CIM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $16.05 and last traded at $16.05, with a volume of 596,553 shares. The stock had previously closed at $15.94.

Several equities research analysts have issued reports on the stock. Nomura Holdings Inc. reissued a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of Chimera Investment Corp. in a research report on Wednesday, March 23rd. Zacks Investment Research cut shares of Chimera Investment Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Wells Fargo & Co. cut shares of Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 4th. Finally, Nomura reissued a “buy” rating and issued a $17.00 price objective on shares of Chimera Investment Corp. in a research report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.07.

The company’s 50 day moving average is $15.56 and its 200-day moving average is $14.00. The firm has a market capitalization of $3.02 billion and a price-to-earnings ratio of 11.89.

Chimera Investment Corp. (NYSE:CIM) last released its quarterly earnings data on Monday, May 2nd. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. During the same period last year, the company posted $0.59 EPS. Equities research analysts expect that Chimera Investment Corp. will post $2.20 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 12.05%. The ex-dividend date is Tuesday, June 28th.

Several large investors have recently added to or reduced their stakes in the stock. Thornburg Investment Management Inc. increased its stake in Chimera Investment Corp. by 11.4% in the fourth quarter. Thornburg Investment Management Inc. now owns 6,629,551 shares of the company’s stock valued at $90,427,000 after buying an additional 680,500 shares during the period. Jennison Associates increased 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. Advisors Asset Management Inc. increased its stake in Chimera Investment Corp. by 17.7% in the fourth quarter. Advisors Asset Management Inc. now owns 1,172,525 shares of the company’s stock valued at $15,993,000 after buying an additional 176,115 shares during the period. California Public Employees Retirement System increased 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. Finally, Russell Frank Co increased its stake in Chimera Investment Corp. by 126.6% in the fourth quarter. Russell Frank Co now owns 403,766 shares of the company’s stock valued at $5,532,000 after buying an additional 225,586 shares during the period.

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