The price of Chimera Investment Corporation (NYSE:CIM) shares last traded on Wall Street fell -3.41% to $4.81.
Based on available information, 6 analysts follow Chimera Investment Corporation (NYSE:CIM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $5.50, we find $5.50. Given the previous closing price of $4.98, this indicates a potential upside of 10.44 percent. CIM stock price is now -10.60% away from the 50-day moving average and -26.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.16B.
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Among analysts, 5 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $5.67 as their price target over the next twelve months.
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Insiders disposed of 28,209 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 1.56% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CIM stock. A new stake in Chimera Investment Corporation shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $1,788,000. TEGEAN CAPITAL MANAGEMENT, LLC invested $1,203,000 in shares of CIM during the first quarter. In the first quarter, GALLAGHER BENEFIT SERVICES, INC. acquired a new stake in Chimera Investment Corporation valued at approximately $840,000. GALLAGHER FIDUCIARY ADVISORS, LLC acquired a new stake in CIM for approximately $706,000. SQUAREPOINT OPS LLC purchased a new stake in CIM valued at around $609,000 in the second quarter. In total, there are 317 active investors with 51.60% ownership of the company’s stock.
A candlestick chart of Chimera Investment Corporation (NYSE: CIM) showed a price of $5.0000 on Friday morning. During the past 12 months, Chimera Investment Corporation has had a low of $4.78 and a high of $10.50. The fifty day moving average price for CIM is $5.3634 and a two-hundred day moving average price translates $6.5262 for the stock.
The latest earnings results from Chimera Investment Corporation (NYSE: CIM) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.16 by -0.03. This compares to -$1.19 EPS in the same period last year. The net profit margin was -39.30% and return on equity was -9.80% for CIM. The company reported revenue of $189.25 million for the quarter, compared to $202.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.39 percent. For the current quarter, analysts expect CIM to generate $86.75M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/27/2023. Investors who held shares on 03/31/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 19.13% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend.
Chimera Investment Corporation(CIM) 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, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities. It has elected to be taxed as a REIT. In addition, the company invests in investment grade, non-investment grade, and non-rated classes. The company was incorporated in 2007 and is headquartered in New York, New York.
