Chimera Investment Corporation with ticker code (CIM) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 7 and 6.5 with a mean TP of 6.67. Given that the stocks previous close was at 7.16 this is indicating there is a potential downside of -6.8%. The 50 day moving average now sits at 6.49 and the 200 day moving average is 7.97. The company has a market capitalisation of $1,659m. Company Website: https://www.chimerareit.com
The potential market cap would be $1,546m based on the market concensus.
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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a REIT. In addition, the company invests in investment, non-investment grade, and non-rated classes. The company was incorporated in 2007 and is based in New York, New York.
