Chimera Investment (NYSE:CIM) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Chimera Investment Corporation (NYSE:CIM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.11 and traded as high as $13.90. Chimera Investment shares last traded at $13.80, with a volume of 649,863 shares traded.

Analyst Ratings Changes

CIM has been the subject of a number of research reports. UBS Group lowered their target price on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Royal Bank Of Canada lowered shares of Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Tuesday, December 9th. Finally, Weiss Ratings raised shares of Chimera Investment from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Chimera Investment presently has an average rating of “Hold” and an average target price of $14.50.

Chimera Investment Stock Up 0.1%

The company has a market capitalization of $1.15 billion, a P/E ratio of 7.89 and a beta of 1.80. The firm’s 50 day moving average price is $13.04 and its two-hundred day moving average price is $13.11. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 2.71.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $72.01 million for the quarter, compared to analyst estimates of $80.77 million. Chimera Investment had a net margin of 28.06% and a return on equity of 8.73%. Equities research analysts forecast that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.37. Chimera Investment’s dividend payout ratio is 84.57%.

Institutional Trading of Chimera Investment

Several institutional investors and hedge funds have recently bought and sold shares of CIM. VSM Wealth Advisory LLC grew its stake in Chimera Investment by 64.3% in the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 936 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Chimera Investment by 864.7% in the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,862 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Chimera Investment in the 3rd quarter valued at approximately $54,000. IFP Advisors Inc grew its stake in shares of Chimera Investment by 1,211.4% in the fourth quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 3,423 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

About Chimera Investment

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.