Credit Suisse AG Increases Stake in Chimera Investment Corporation (CIM)

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On 3/3/2016 Chimera Investment Corporation announced a special dividend of $0.50 13.84% with an ex dividend date of 3/15/2016 which will be payable on 3/31/2016.

Among 7 analysts covering Chimera Investment (NYSE:CIM), 2 have Buy rating, 0 Sell and 5 Hold. The business is expected to issue its next earnings report on Tuesday, November 7th.

The current consensus rating on Chimera Investment Corporation (NYSE:CIM) is Hold (Score: 2.17) with a consensus target price of $17.20 per share, a potential 8.07% downside. 235,344 shares of the company traded hands. Zacks' EPS averages are an average based on a survey of analysts that cover Chimera Investment Corporation.

Chimera Investment Corporation (NYSE:CIM) posted its earnings results on Wednesday.

Chimera Investment Corporation is a real estate investment trust. The firm had revenue of $150.70 million for the quarter, compared to the consensus estimate of $149.75 million. Chimera Investment Corporation had a return on equity of 14.14% and a net margin of 64.18%. The business's revenue for the quarter was up 9.3% compared to the same quarter a year ago. During the same period in the prior year, the business earned $0.51 earnings per share.

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CIM has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Chimera Investment Corporation from a buy rating to a hold rating in a research note on Wednesday, April 19th. ValuEngine raised Chimera Investment Corporation from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 3rd. BidaskClub raised shares of Chimera Investment Corporation from a "hold" rating to a "buy" rating in a report on Thursday, June 15th. Chimera Investment Corporation now has an average rating of "Hold" and an average target price of $17.75. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. The company presently has an average rating of "Hold" and an average price target of $18.17. If you are reading this story on another publication, it was illegally stolen and republished in violation of United States & global trademark and copyright law. Winslow Evans & Crocker Inc. bought a new position in shares of Chimera Investment Corporation during the second quarter valued at approximately $189,000.

Shares of Chimera Investment Corporation (NYSE:CIM) opened at 18.71 on Friday. The stock has a 50 day moving average of $18.91 and a 200 day moving average of $19.00. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 5.36 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. This represents a $2.00 annualized dividend and a yield of 10.69%. Chimera Investment Corporation's dividend payout ratio is presently 60.24%. Sit Investment Associates Inc. boosted its position in shares of Chimera Investment Corporation by 143.6% in the first quarter. Geode Capital Management LLC raised its stake in Chimera Investment Corporation by 5.2% in the first quarter. Finally, National Asset Management Inc. bought a new position in shares of Chimera Investment Corporation during the first quarter valued at approximately $217,000. Geode Capital Management LLC now owns 2,598,005 shares of the real estate investment trust's stock valued at $52,427,000 after buying an additional 129,234 shares during the last quarter.

ILLEGAL ACTIVITY NOTICE: "Credit Suisse AG Increases Stake in Chimera Investment Corporation (CIM)" was originally published by Stock Observer and is owned by of Stock Observer. BlackRock Inc. now owns 11,273,292 shares of the real estate investment trust's stock valued at $227,494,000 after buying an additional 11,194,932 shares during the period. IFC Holdings Incorporated FL increased its stake in Chimera Investment Corporation by 37.3% in the first quarter. Institutional investors own 55.30% of the company's stock.

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