Chimera Investment Corporation – Consensus Indicates Potential -2.9% Downside

Broker Ratings

Chimera Investment Corporation found using ticker (CIM) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 11 and 9 calculating the mean target price we have 10. Now with the previous closing price of 10.3 this would imply there is a potential downside of -2.9%. The day 50 moving average is 9.39 and the 200 day moving average is 9.15. The market cap for the company is $2,426m. You can visit the company’s website by visiting: http://www.chimerareit.com

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to U.S. federal income tax, if it distributes at least 90% of its REIT taxable income to its shareholders. Chimera Investment Corporation was founded in 2007 and is headquartered in New York, New York.

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