Chimera Investment Corp. (NYSE:CIM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.95 and last traded at $16.93, with a volume of 1,070,319 shares trading hands. The stock had previously closed at $16.78.

A number of research analysts recently issued reports on CIM shares. Zacks Investment Research raised shares of Chimera Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, July 14th. Nomura reaffirmed a “buy” rating and set a $17.00 target price on shares of Chimera Investment Corp. in a research note on Tuesday, July 5th. Finally, Wells Fargo & Co. cut shares of Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.42.

The firm has a market cap of $3.13 billion and a P/E ratio of 12.31. The company has a 50-day moving average price of $15.95 and a 200 day moving average price of $14.27.

Several hedge funds have made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of 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 worth $15,993,000 after buying an additional 176,115 shares during the last quarter. Buckhead Capital Management LLC boosted its stake in shares of Chimera Investment Corp. by 3.6% in the fourth quarter. Buckhead Capital Management LLC now owns 79,800 shares of the company’s stock worth $1,088,000 after buying an additional 2,800 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Chimera Investment Corp. during the fourth quarter worth approximately $1,092,000. California Public Employees Retirement System boosted its stake 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. Finally, Rhumbline Advisers boosted its stake 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.

Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.

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