According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “
Separately, Credit Suisse Group cut CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price target for the company. in a report on Wednesday, August 21st. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.75.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $157.07 million. CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, analysts forecast that CHIMERA INVT CO/SH NEW will post 2.13 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp grew its holdings in shares of CHIMERA INVT CO/SH NEW by 4.2% during the 1st quarter. Synovus Financial Corp now owns 16,481 shares of the real estate investment trust’s stock worth $309,000 after purchasing an additional 659 shares during the period. Natixis boosted its holdings in CHIMERA INVT CO/SH NEW by 0.6% during the 2nd quarter. Natixis now owns 160,407 shares of the real estate investment trust’s stock valued at $3,027,000 after acquiring an additional 950 shares during the period. Advisory Services Network LLC boosted its holdings in CHIMERA INVT CO/SH NEW by 1.1% during the 2nd quarter. Advisory Services Network LLC now owns 91,067 shares of the real estate investment trust’s stock valued at $1,718,000 after acquiring an additional 968 shares during the period. Carroll Financial Associates Inc. boosted its holdings in CHIMERA INVT CO/SH NEW by 50.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,000 shares during the period. Finally, US Bancorp DE boosted its holdings in CHIMERA INVT CO/SH NEW by 8.9% during the 2nd quarter. US Bancorp DE now owns 13,745 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 1,128 shares during the period. Institutional investors and hedge funds own 51.53% of the company’s stock.
CHIMERA INVT CO/SH NEW Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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