Chimera Investment (NYSE:CIM) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Chimera Investment Corporation (NYSE:CIM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.46 and traded as high as $14.43. Chimera Investment shares last traded at $14.25, with a volume of 445,956 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank Of Canada upgraded Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. Wall Street Zen upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, UBS Group upgraded Chimera Investment from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Chimera Investment currently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Chimera Investment Trading Up 0.0%

The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.50 and a beta of 1.74. The company has a fifty day moving average of $13.33 and a 200-day moving average of $13.46.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Chimera Investment had a return on equity of 7.25% and a net margin of 25.12%. The company had revenue of $69.22 million for the quarter, compared to analysts’ expectations of $72.07 million. As a group, equities research analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Monday, June 30th. Chimera Investment’s payout ratio is 98.67%.

Institutional Investors Weigh In On Chimera Investment

Several institutional investors have recently bought and sold shares of CIM. Barclays PLC boosted its holdings in shares of Chimera Investment by 12.4% during the 4th quarter. Barclays PLC now owns 206,059 shares of the real estate investment trust’s stock worth $2,885,000 after purchasing an additional 22,764 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Chimera Investment by 79.0% during the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust’s stock worth $793,000 after purchasing an additional 25,000 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Chimera Investment by 47.6% during the 4th quarter. Deutsche Bank AG now owns 69,741 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 22,476 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Chimera Investment by 84.7% during the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock worth $4,339,000 after purchasing an additional 142,105 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in shares of Chimera Investment by 50.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the real estate investment trust’s stock worth $1,924,000 after purchasing an additional 50,000 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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.