Chimera Investment Corporation (NYSE:CIM) should head towards $14.25 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $14 per share. The higher price estimate target is at $15 according to the Analysts.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Wells Fargo downgrades its rating on Chimera Investment Corporation (NYSE:CIM).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 4, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Chimera Investment Corp, Mahoney Dennis, had purchased 4,500 shares in a transaction dated on February 29, 2016. The transaction was executed at $13.11 per share with total amount equaling $58,995.
Chimera Investment Corporation (NYSE:CIM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.11 points or 0.7% at $15.5 with 1,552,997 shares getting traded. Post opening the session at $15.61, the shares hit an intraday low of $15.48 and an intraday high of $15.67 and the price was in this range throughout the day. The company has a market cap of $2,910 million and the number of outstanding shares have been calculated to be 187,729,770 shares. The 52-week high of Chimera Investment Corporation (NYSE:CIM) is $15.67 and the 52-week low is $10.89.
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.