RBC Capital analyst Kenneth Lee maintained a Buy rating on Chimera Investment (NYSE:CIM) Corp. on Friday, setting a price target of $10, which is approximately 14.42% above the present share price of $8.74.
Lee expects Chimera Investment Corp . to post earnings per share (EPS) of -$0.37 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Chimera Investment, with an average price target of $11.
The analysts price targets range from a high of $12 to a low of $10.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of -$38.35 million and a net profit of $0. The company's market cap is $2.01 billion.
According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.7% and a 58.87% success rate.
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.