Chimera Investment (NYSE:CIM – Get Free Report) had its target price increased by Keefe, Bruyette & Woods from $15.00 to $16.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 10.12% from the company’s current price.
Separately, StockNews.com raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday.
Read Our Latest Stock Report on Chimera Investment
Chimera Investment Trading Down 0.5 %
Chimera Investment (NYSE:CIM – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. Chimera Investment had a net margin of 25.73% and a return on equity of 7.46%. The company had revenue of $186.72 million during the quarter, compared to the consensus estimate of $66.50 million. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, equities analysts expect that Chimera Investment will post 1.41 earnings per share for the current fiscal year.
Insider Transactions at Chimera Investment
In other Chimera Investment news, Director Gerard Creagh purchased 10,000 shares of Chimera Investment stock in a transaction dated Monday, June 17th. The shares were bought at an average cost of $13.07 per share, for a total transaction of $130,700.00. Following the transaction, the director now owns 125,899 shares in the company, valued at approximately $1,645,499.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Arkadios Wealth Advisors increased its holdings in shares of Chimera Investment by 121.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 30,028 shares of the real estate investment trust’s stock worth $384,000 after acquiring an additional 16,482 shares during the period. Harbour Investments Inc. acquired a new stake in shares of Chimera Investment in the 2nd quarter worth about $796,000. AlphaCentric Advisors LLC acquired a new stake in shares of Chimera Investment in the 2nd quarter worth about $179,000. Cetera Advisors LLC acquired a new stake in shares of Chimera Investment in the 1st quarter worth about $63,000. Finally, Bayesian Capital Management LP acquired a new position in Chimera Investment during the 1st quarter valued at about $116,000. 48.44% of the stock is currently owned by institutional investors.
About Chimera Investment
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
- What is the FTSE 100 index?
- MarketBeat Week in Review – 8/5 – 8/9
- 10 Best Airline Stocks to Buy
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- How to Invest in Insurance Companies: A Guide
- The Cannabis Sector: Profitability Takes Center Stage
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.