Keefe Bruyette & Woods Maintains Chimera Investment Corporation to Market Perform with Price Target $15.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Chimera Investment Corporation(NYSE:CIM). In a research note issued to the investors, the brokerage major Raises the price-target to $15.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 9, 2016.

Chimera Investment Corporation (CIM) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.25% at a volume of 17,40,894. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.26. The peak price level was also seen at $16.26 while the days lowest was $16.03. Finally the shares closed at $16.18. The 52-week high of the shares is $16.975 while the 52-week low is $10.89. According to the latest information available, the market cap of the company is $3,037 M.

Chimera Investment Corporation has also declared a cash dividend of $0.4800 on Aug 3, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 27, 2016.

Chimera Investment Corporation(CIM) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $137.87M. Analysts had an estimated revenue of $134.42M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price.Also, 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.

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