Chimera Investment (NYSE:CIM) Rating Lowered to Hold at StockNews.com

Chimera Investment (NYSE:CIM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Stock Down 0.7 %

Shares of CIM opened at $14.08 on Thursday. Chimera Investment has a 12 month low of $11.28 and a 12 month high of $16.89. The firm’s 50 day moving average is $14.46 and its 200-day moving average is $14.95. The stock has a market capitalization of $1.14 billion, a PE ratio of 4.27 and a beta of 1.71. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. Equities research analysts forecast that Chimera Investment will post 1.47 EPS for the current year.

Insider Buying and Selling at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $14.70 per share, for a total transaction of $735,000.00. Following the completion of the transaction, the executive now directly owns 50,000 shares of the company’s stock, valued at approximately $735,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Chimera Investment

A number of hedge funds have recently added to or reduced their stakes in CIM. SG Americas Securities LLC acquired a new position in shares of Chimera Investment during the third quarter worth $240,000. Creative Planning acquired a new position in shares of Chimera Investment during the third quarter worth $231,000. Cadent Capital Advisors LLC lifted its holdings in shares of Chimera Investment by 12.9% during the third quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after purchasing an additional 30,393 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of Chimera Investment by 14.1% during the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 1,719 shares during the period. Finally, Leeward Investments LLC MA lifted its holdings in shares of Chimera Investment by 1.7% during the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock worth $13,613,000 after purchasing an additional 14,622 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.