Chimera Investment Corporation with ticker code (CIM) now have 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 18 and 13.25 calculating the mean target price we have 15.19. Given that the stocks previous close was at 14.05 this would imply there is a potential upside of 8.1%. The 50 day moving average now sits at 15.32 and the 200 moving average now moves to 14.94. The company has a market cap of $3,435m. Company Website: https://www.chimerareit.com
The potential market cap would be $3,714m 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 commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a REIT and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2007 and is headquartered in New York, New York.
