The price of Chimera Investment Corp (NYSE:CIM) shares last traded on Wall Street fell -1.74% to $5.09.
Based on available information, 4 analysts follow Chimera Investment Corp (NYSE:CIM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $5.00, we find $5.25. Given the previous closing price of $5.18, this indicates a potential upside of 1.35 percent. CIM stock price is now 1.38% away from the 50-day moving average and -6.97% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
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Among analysts, 4 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $5.25 as their price target over the next twelve months.
With the price target of $5.50, UBS recently initiated with Neutral rating for Chimera Investment Corp (NYSE: CIM).
Insiders disposed of 28,209 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 2.21% of the company’s stock is owned by insiders.
A candlestick chart of Chimera Investment Corp (NYSE: CIM) showed a price of $5.11 on Friday morning. During the past 12 months, Chimera Investment Corp has had a low of $4.45 and a high of $7.81. The fifty day moving average price for CIM is $5.02 and a two-hundred day moving average price translates $5.46 for the stock.
The latest earnings results from Chimera Investment Corp (NYSE: CIM) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.18 by -0.05. This compares to -$0.88 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 7.49% for CIM. The company reported revenue of $195.59 million for the quarter, compared to $188.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.87 percent. For the current quarter, analysts expect CIM to generate $71.51M in revenue.
Chimera Investment Corp(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.
