Wall Street Analyst Downgrade Chimera Investment Corporation [CIM]. What else is Wall St. saying

Chimera Investment Corporation [NYSE: CIM] traded at a high on 06/24/21, posting a 1.57 gain after which it closed the day’ session at $15.54. The company report on June 11, 2021 that Chimera Appoints New Board Member Kevin G. Chavers.

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Chimera Investment Corporation, Inc. (NYSE:CIM) (the “Company”) announced that Kevin G. Chavers has been appointed to the Company’s Board of Directors. Mr. Chavers will serve as Chair of the Compensation Committee and on the Risk Committee of the Company’s Board of Directors.

Mr. Chavers has over 34 years of experience across multiple roles in the real estate finance and mortgage industry. He served as Managing Director of BlackRock in the Global Fixed Income and Securitized Asset Investment Team until April 2021, focusing on residential mortgage related assets, including RMBS, whole loans and MSRs. Mr. Chavers also served on the leadership team of BlackRock Impact Opportunity Fund, the Global Public Policy Group and BlackRock Solutions, Financial Markets Advisory Group. Prior to joining BlackRock, Mr. Chavers served as Managing Director of Morgan Stanley from 2003 to 2011 and Vice President of Goldman Sachs from 1998 to 2003. Mr. Chavers also served at various government agencies, including as the President of Ginnie Mae from 1995 to 1998.

The results of the trading session contributed to over 1589150 shares changing hands. Over the past one week, the price volatility of Chimera Investment Corporation stands at 2.16% while the volatility over the past one month is 2.06%.

The market cap for CIM stock reached $3.67 billion, with 230.57 million shares outstanding and 226.98 million shares in the current float. Compared to the average trading volume of 1.99M shares, CIM reached a trading volume of 1589150 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Chimera Investment Corporation [CIM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIM shares is $12.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Chimera Investment Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 10, 2020. The new note on the price target was released on October 03, 2019, representing the official price target for Chimera Investment Corporation stock. Previously, the target price had yet another raise to $19.50, while Credit Suisse analysts kept a Neutral rating on CIM stock.

The Average True Range (ATR) for Chimera Investment Corporation is set at 0.32, with the Price to Sales ratio for CIM stock in the period of the last 12 months amounting to 3.33. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 1.35. Price to Free Cash Flow for CIM in the course of the last twelve months was 7.32.

How has CIM stock performed recently?

Chimera Investment Corporation [CIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.90. With this latest performance, CIM shares gained by 13.10% in over the last four-week period, additionally plugging by 50.00% over the last 6 months – not to mention a rise of 62.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIM stock in for the last two-week period is set at 66.42, with the RSI for the last a single of trading hit 64.96, and the three-weeks RSI is set at 66.95 for Chimera Investment Corporation [CIM]. The present Moving Average for the last 50 days of trading for this stock 13.94, while it was recorded at 15.31 for the last single week of trading, and 11.32 for the last 200 days.

Chimera Investment Corporation [CIM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Chimera Investment Corporation [CIM] shares currently have an operating margin of +95.30 and a Gross Margin at +92.41. Chimera Investment Corporation’s Net Margin is presently recorded at +12.84.

Return on Total Capital for CIM is now 3.07, given the latest momentum, and Return on Invested Capital for the company is 0.79. Return on Equity for this stock inclined to 2.30, with Return on Assets sitting at 0.40. When it comes to the capital structure of this company, Chimera Investment Corporation [CIM] has a Total Debt to Total Equity ratio set at 357.56. Additionally, CIM Total Debt to Total Capital is recorded at 78.14, with Total Debt to Total Assets ending up at 77.12. Long-Term Debt to Equity for the company is recorded at 213.41, with the Long-Term Debt to Total Capital now at 46.64.

Reflecting on the efficiency of the workforce at the company, Chimera Investment Corporation [CIM] managed to generate an average of $2,167,171 per employee. Receivables Turnover for the company is 2.15 with a Total Asset Turnover recorded at a value of 0.03.

Earnings analysis for Chimera Investment Corporation [CIM]

With the latest financial reports released by the company, Chimera Investment Corporation posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chimera Investment Corporation go to -2.38%.

Insider trade positions for Chimera Investment Corporation [CIM]

There are presently around $1,747 million, or 50.20% of CIM stock, in the hands of institutional investors. The top three institutional holders of CIM stocks are: VANGUARD GROUP INC with ownership of 20,878,411, which is approximately 1.222% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 19,742,092 shares of the stock with an approximate value of $306.79 million in CIM stocks shares; and THORNBURG INVESTMENT MANAGEMENT INC, currently with $256.66 million in CIM stock with ownership of nearly 2.047% of the company’s market capitalization.

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Positions in Chimera Investment Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 117 institutional holders increased their position in Chimera Investment Corporation [NYSE:CIM] by around 10,374,083 shares. Additionally, 105 investors decreased positions by around 9,885,372 shares, while 64 investors held positions by with 92,136,238 shares. The mentioned changes placed institutional holdings at 112,395,693 shares, according to the latest SEC report filing. CIM stock had 28 new institutional investments in for a total of 3,115,052 shares, while 31 institutional investors sold positions of 1,771,157 shares during the same period.

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