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 and has a mean target at 6.83. With the stocks previous close at 6.36 this now indicates there is a potential upside of 7.4%. The day 50 moving average is 6.64 and the 200 day MA is 7.57. The market capitalisation for the company is $1,463m. Find out more information at: https://www.chimerareit.com
The potential market cap would be $1,571m 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, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities. It has elected to be taxed as a REIT. In addition, the company invests in investment grade, non-investment grade, and non-rated classes. The company was incorporated in 2007 and is headquartered in New York, New York.
