StockNews.com Downgrades Chimera Investment (NYSE:CIM) to Hold

Chimera Investment (NYSE:CIM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Chimera Investment Trading Down 10.9 %

NYSE:CIM opened at $11.65 on Wednesday. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 3.70. Chimera Investment has a 52-week low of $11.63 and a 52-week high of $19.47. The stock’s 50 day moving average price is $13.52 and its 200 day moving average price is $14.19. The company has a market capitalization of $2.81 billion, a PE ratio of 22.84 and a beta of 1.68.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CIM. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chimera Investment by 34.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,379 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 11,392 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Chimera Investment by 61.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,812 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 4,096 shares during the period. Teacher Retirement System of Texas raised its position in Chimera Investment by 27.9% in the third quarter. Teacher Retirement System of Texas now owns 22,426 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 4,896 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Chimera Investment by 43.1% in the third quarter. Nisa Investment Advisors LLC now owns 141,031 shares of the real estate investment trust’s stock valued at $770,000 after acquiring an additional 42,472 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Chimera Investment by 39.1% during the 3rd quarter. Principal Financial Group Inc. now owns 34,419 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 9,679 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Company Profile

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 residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.