Chimera Investment Corporation with ticker code (CIM) have now 3 confirmed 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 7 and 6.5 suggesting an average Analsyt target price of $6.83. Given that the stocks previous close was at $5.46 this would indicate that there is a potential upside of 25.1%. The day 50 moving average is $6.06 and the 200 moving average now moves to $7.03. The company has a market cap of $1,298m. You can visit the company’s website by visiting: https://www.chimerareit.com
The potential market cap would be $1,624m based on the market consensus.
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.
The company has a dividend yield of 16.43% with the ex dividend date set at 30-3-2023 (DMY).
