1 day Ago By Defense World Staff
Commonwealth Equity Services LLC cut its position in shares of Chimera Investment Co. ( NYSE:CIM – Free Report ) by 67.1% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The firm owned 71,632 shares of the real estate investment trust’s stock after selling 146,314 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of Chimera Investment worth $917,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of CIM. Cape Investment Advisory Inc. acquired a new position in shares of Chimera Investment in the 4th quarter worth $27,000.
Principal Securities Inc. acquired a new position in shares of Chimera Investment in the 4th quarter worth $28,000. Symphony Financial Ltd.
Co. acquired a new position in shares of Chimera Investment in the 1st quarter worth $63,000. Cetera Advisors LLC acquired a new position in shares of Chimera Investment in the 1st quarter worth $63,000.
Finally, Simplicity Wealth LLC acquired a new position in shares of Chimera Investment in the 1st quarter worth $72,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on the company. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.
Keefe, Bruyette & Woods lifted their price target on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th.
Chimera Investment Stock Performance Shares of CIM stock opened at $15.96 on Wednesday. Chimera Investment Co.
has a 1-year low of $11.28 and a 1-year high of $18.78.
The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.
75. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.
43 and a beta of 1.73. The stock’s fifty day simple moving average is $14.
95 and its 200-day simple moving average is $13.78. Chimera Investment ( NYSE:CIM – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 7th.
The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.
03. The business had revenue of $186.72 million for the quarter, compared to the consensus estimate of $66.
50 million. Chimera Investment had a return on equity of 7.66% and a net margin of 28.
79%. During the same quarter in the previous year, the company posted $0.36 earnings per share.
On average, sell-side analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.
Chimera Investment Company Profile ( Free Report ) 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. See Also Five stocks we like better than Chimera Investment Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? What is an Earnings Surprise? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Low PE Growth Stocks: Unlocking Investment Opportunities Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.
com's FREE daily email newsletter ..
