Wall Street Zen Downgrades Chimera Investment (NYSE:CIM) to Sell

Chimera Investment (NYSE:CIM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts also recently commented on CIM. Royal Bank Of Canada downgraded Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Tuesday, December 9th. UBS Group dropped their price objective on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Chimera Investment in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Chimera Investment has an average rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Stock Down 0.3%

Shares of CIM opened at $13.55 on Friday. The firm has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $13.10. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.06 and a quick ratio of 0.06. Chimera Investment has a one year low of $9.85 and a one year high of $14.88. The company has a market cap of $1.13 billion, a P/E ratio of 7.74 and a beta of 1.84.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%.The firm had revenue of $72.01 million during the quarter, compared to analysts’ expectations of $80.77 million. Research analysts forecast that Chimera Investment will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. grew its stake in Chimera Investment by 3.2% during the third quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust’s stock worth $389,000 after purchasing an additional 917 shares during the period. VSM Wealth Advisory LLC boosted its holdings in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 936 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Chimera Investment by 1.5% during the 4th quarter. Harbour Investments Inc. now owns 68,905 shares of the real estate investment trust’s stock worth $856,000 after buying an additional 994 shares during the period. Cetera Investment Advisers increased its stake in shares of Chimera Investment by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,143 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Chimera Investment by 9.8% during the 4th quarter. ProShare Advisors LLC now owns 14,952 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 1,335 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.