Raymond James analyst Stephen Laws maintained a Hold rating on Chimera Investment (CIM) today. The company’s shares closed last Friday at $11.51.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 14.7% and a 69.9% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Broadmark Realty Capital, and Kkr Real Estate Finance.
The word on The Street in general, suggests a Hold analyst consensus rating for Chimera Investment with a $11.13 average price target, implying a -0.6% downside from current levels. In a report issued on February 10, KBW also maintained a Hold rating on the stock with a $11.25 price target.
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The company has a one-year high of $22.99 and a one-year low of $6.42. Currently, Chimera Investment has an average volume of 2.03M.
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Chimera Investment Corp. operates as a real estate investment trust. It engages in investing directly or indirectly through its subsidiaries, on a leveraged basis, in a portfolio of mortgage assets. It includes residential mortgage loans, residential mortgage-backed securities, commercial mortgage loans, real estate-related securities, and various other asset classes. The company was founded on June 1, 2007 and is headquartered in New York, NY.
