Zacks Investment Research downgraded shares of CHIMERA INVEST (CIM) from N/A to NEUTRAL on August 15, 2014, with a target price of $3.30.
Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Chimera Investment Corporation will be externally managed by Fixed Income Discount Advisory Company, a wholly-owned subsidiary of Annaly.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on CHIMERA INVEST (CIM),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment