Chimera Investment Corp. (CIM) Sets New 12-Month High at $16.00
Chimera Investment Corp. (NYSE:CIM)’s share price hit a new 52-week high during 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.
CIM has been the topic of several research analyst reports. Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $15.00 price objective (down previously 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 report on Monday, April 18th. Wells Fargo & Co. cut Chimera Investment Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 4th. Finally, Nomura reiterated a “buy” rating and issued a $17.00 target price on shares of Chimera Investment Corp. in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.92.
The firm has a 50 day moving average price of $15.51 and a 200 day moving average price of $13.98. The company has a market capitalization of $3.00 billion and a PE ratio of 11.82.
Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. During the same period in the previous year, the company earned $0.59 EPS. On average, equities analysts anticipate that Chimera Investment Corp. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 12.00%. The ex-dividend date is Tuesday, June 28th.
Other hedge funds recently bought and sold shares of the company. Buckhead Capital Management LLC increased 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 in the last quarter. 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 in the last quarter. GSA Capital Partners LLP bought a new stake in Chimera Investment Corp. during the fourth quarter valued at approximately $1,092,000. Rhumbline Advisers increased 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 in the last quarter. Finally, 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 in the last quarter.
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