Chimera Investment Corporation (CIM) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 17.50 from a previous price target of $14.50 . Deutsche Bank advised their investors in a research report released on Aug 9, 2016.
On the company’s financial health, Chimera Investment Corporation reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.53. The company had revenue of $137.87 million for the quarter, compared to analysts expectations of $135.17 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Chimera Investment Corporation closed down -0.12 points or -0.73% at $16.42 with 15,00,800 shares getting traded on Monday. Post opening the session at $16.61, the shares hit an intraday low of $16.4 and an intraday high of $16.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price. According to the SEC, on Mar 2, 2016, Mohit Marria (Chief Investment Officer) purchased 15,000 shares at $13.11 per share price. On Mar 2, 2016, Paul Donlin (director) purchased 20,000 shares at $13.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Chimera Investment Corporation is a specialty finance company. The Company through its subsidiaries invests in residential mortgage-backed securities (RMBS) residential mortgage loans commercial mortgage loans real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.