Upgrades Chimera Investment (NYSE:CIM) to “Buy” upgraded shares of Chimera Investment (NYSE:CIMFree Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Chimera Investment Stock Down 5.4 %

Shares of NYSE CIM opened at $4.36 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 5.46 and a quick ratio of 5.46. The stock has a market capitalization of $1.05 billion, a PE ratio of 8.55 and a beta of 1.68. Chimera Investment has a one year low of $3.92 and a one year high of $6.49. The business’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.69.

Chimera Investment’s stock is scheduled to reverse split on the morning of Wednesday, May 22nd. The 1-3 reverse split was announced on Wednesday, May 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 22nd.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 10.09%. The ex-dividend date was Friday, April 5th. Chimera Investment’s dividend payout ratio (DPR) is currently 86.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CIM. Creative Financial Designs Inc. ADV bought a new stake in Chimera Investment during the 4th quarter valued at $25,000. Cape Investment Advisory Inc. purchased a new stake in Chimera Investment during the 4th quarter worth about $27,000. Principal Securities Inc. purchased a new stake in Chimera Investment during the 4th quarter worth about $28,000. Manchester Capital Management LLC bought a new position in Chimera Investment in the 3rd quarter worth about $38,000. Finally, Visionary Horizons LLC purchased a new position in Chimera Investment during the 4th quarter valued at about $50,000. 48.44% of the stock is owned by institutional investors.

Chimera Investment Company Profile

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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.

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