Chimera Investment Corp. (CIM) Sets New 12-Month High at $16.05
Chimera Investment Corp. (NYSE:CIM) reached a new 52-week high on Monday . The stock traded as high as $16.05 and last traded at $16.05, with a volume of 596,553 shares trading hands. The stock had previously closed at $15.94.
Several research analysts recently commented on the company. Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $15.00 target price (down from $16.00) on shares of Chimera Investment Corp. in a research report on Wednesday, March 23rd. Zacks Investment Research cut Chimera Investment Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Wells Fargo & Co. cut Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 4th. Finally, Nomura reaffirmed a “buy” rating and issued a $17.00 target price on shares of Chimera Investment Corp. in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.07.
The company has a market capitalization of $3.05 billion and a P/E ratio of 11.99. The stock’s 50-day moving average price is $15.62 and its 200 day moving average price is $14.04.
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, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. During the same period last year, the business posted $0.59 EPS. Equities analysts anticipate that Chimera Investment Corp. will post $2.20 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 11.82%. The ex-dividend date is Tuesday, June 28th.
Several hedge funds and institutional investors recently bought and sold shares of CIM. Jennison Associates raised its position 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. Russell Frank Co raised its position in 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. Rhumbline Advisers raised its position in 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. California Public Employees Retirement System raised its position 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 worth $8,033,000 after buying an additional 35,000 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Chimera Investment Corp. during the fourth quarter worth $1,092,000.
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