Exterran Holdings, Inc. (NYSE: EXH), Chimera Investment Co. (NYSE: CIM), CoreLogic (NASDAQ: CLGX), Crexus Investment (NYSE: CXS) and Dresser-Rand (NYSE: DRC) had their price targets on them adjusted by analysts.
Exterran Holdings, Inc. (EXH) had its price target lowered by Barclays Capital from $29.00 to $17.00. They have an “Equal Weight” rating on the company.
Chimera Investment Co. (CIM) had its price target lowered by Deutsche Bank (NYSE:DB) from $5.00 to $3.75. They have a “Buy” rating on the company.
CoreLogic (CLGX) had its price target lowered by Barclays Capital from $22.00 to $13.00. They have an “Overweight” rating on the company.
Crexus Investment (CXS) had its price target lowered by Deutsche Bank from $13.00 to $11.75. They have a “Buy” rating on the company.
Dresser-Rand (DRC) had its price target lowered by Barclays Capital from $62.00 to $55.00. They have an “Overweight” rating on the company.
Showing posts with label Chimera Investment Corp. Show all posts
Showing posts with label Chimera Investment Corp. Show all posts
Tuesday, August 9, 2011
Friday, May 6, 2011
Ratings on (ADS) (BCSI) (BPO) (CIB) (CIM) Downgraded
Ratings on Alliance Data Systems Co. (NYSE: ADS), Blue Coat (NASDAQ: BCSI), Brookfield Properties Co. (NYSE: BPO), Bancolombia S.A. (NYSE: CIB) and Chimera Investment Co. (NYSE: CIM) downgraded by analysts today.
Goldman Sachs (NYSE:GS) downgraded Alliance Data Systems Co. (ADS) from a “neutral” rating to a “sell” rating. They have a price target of $77.00 on the company.
Signal Hill downgraded Blue Coat (BCSI) to a “hold” rating.
RBC Capital downgraded Brookfield Properties Co. (BPO) from an “outperform” rating to a “sector perform” rating. They have a price target of $21.00 on the company, up from $18.75.
HSBC (NYSE:HBC) downgraded Bancolombia S.A. (CIB) from a “neutral” rating to an “underweight” rating.
Cantor Fitzgerald downgraded Chimera Investment Co. (CIM) from a “buy” rating to a “hold” rating.
Goldman Sachs (NYSE:GS) downgraded Alliance Data Systems Co. (ADS) from a “neutral” rating to a “sell” rating. They have a price target of $77.00 on the company.
Signal Hill downgraded Blue Coat (BCSI) to a “hold” rating.
RBC Capital downgraded Brookfield Properties Co. (BPO) from an “outperform” rating to a “sector perform” rating. They have a price target of $21.00 on the company, up from $18.75.
HSBC (NYSE:HBC) downgraded Bancolombia S.A. (CIB) from a “neutral” rating to an “underweight” rating.
Cantor Fitzgerald downgraded Chimera Investment Co. (CIM) from a “buy” rating to a “hold” rating.
Coverage on (AYR) (H) (CIM) (MHLD) (CLD) Initiated by Analysts
Aircastle LTD (NYSE:AYR), Hyatt Hotels Corp. (NYSE:H), Chimera Investment Corp. (NYSE:CIM), Maiden Holdings Ltd. (NASDAQ:MHLD) and Cloud Peak Energy Inc. (NYSE:CLD) had coverage initiated on them by analysts.
FBR Capital Markets initiated coverage on Aircastle LTD (AYR), starting them off with an "Outperform" rating. They raised their price target from $14 to $15 on the company.
Credit Suisse (NYSE:CS) initiated coverage on Hyatt Hotels Corp. (H), starting them off with an "Outperform" rating. They placed a price target of $54 on the company.
Credit Suisse initiated coverage on Chimera Investment Corp. (CIM), starting them off with an "Outperform" rating. They placed a price target of $4.25 on the company.
FBR Capital Markets initiated coverage on Maiden Holdings Ltd. (MHLD), starting them off with an "Outperform" rating. They raised their price target from $10 to $11 on the company.
Credit Suisse initiated coverage on Cloud Peak Energy Inc. (CLD), starting them off with a "Buy" rating. They lowered their price target from $30 to $26 on the company.
FBR Capital Markets initiated coverage on Aircastle LTD (AYR), starting them off with an "Outperform" rating. They raised their price target from $14 to $15 on the company.
Credit Suisse (NYSE:CS) initiated coverage on Hyatt Hotels Corp. (H), starting them off with an "Outperform" rating. They placed a price target of $54 on the company.
Credit Suisse initiated coverage on Chimera Investment Corp. (CIM), starting them off with an "Outperform" rating. They placed a price target of $4.25 on the company.
FBR Capital Markets initiated coverage on Maiden Holdings Ltd. (MHLD), starting them off with an "Outperform" rating. They raised their price target from $10 to $11 on the company.
Credit Suisse initiated coverage on Cloud Peak Energy Inc. (CLD), starting them off with a "Buy" rating. They lowered their price target from $30 to $26 on the company.
Thursday, May 5, 2011
Ratings on (ASI) (BEXP) (CIM) (CLH) (FMC) Reiterated by Analysts
Ratings on American Safety Insurance Holdings, Ltd. (NYSE: ASI), Brigham Exploration (NASDAQ: BEXP), Chimera Investment Co. (NYSE: CIM), Clean Harbors, Inc. (NYSE: CLH) and FMC Corp. (NYSE: FMC) were reiterated by analysts today.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on American Safety Insurance Holdings, Ltd. (ASI).
Jefferies (NYSE:JEF) reiterated a “buy” rating on Brigham Exploration (BEXP).
Wunderlich reiterated a “hold” rating on Chimera Investment Co. (CIM).
Wunderlich reiterated a “buy” rating on Clean Harbors, Inc. (CLH).
Gabelli reiterated a “buy” rating on shares of FMC Corp. (FMC).
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on American Safety Insurance Holdings, Ltd. (ASI).
Jefferies (NYSE:JEF) reiterated a “buy” rating on Brigham Exploration (BEXP).
Wunderlich reiterated a “hold” rating on Chimera Investment Co. (CIM).
Wunderlich reiterated a “buy” rating on Clean Harbors, Inc. (CLH).
Gabelli reiterated a “buy” rating on shares of FMC Corp. (FMC).
Monday, April 4, 2011
Chimera Investment (CIM) a Good Dividend Play
Chimera Investment (NYSE:CIM) boosted profits by 64.47 percent to $533 million in full year 2010 as of October, after posting a return to positive territory in full year 2009 by generating $324 million in profits. That compares to $120 million for full year 2008. For the first quarter of 2011, the company made $156.22 million in profits. In comparison, the first quarter of 2010 generated profits of $95.46 million.
For 2011, the Street estimates non-GAAP EPS to come in at a range of $0.53 and $0.70. In 2010, non-GAAP EPS was $0.66. The next earnings release is on May 2, with analysts projecting between $0.13 and $0.17. In comparison, the first quarter of 2010 produced $0.19. This investment is not purely or necessarily primarily for capital appreciation, but it is also for the dividend payments.
Chimera puts its capital to work in U.S. government and private residential mortgage-backed securities representing interests in obligations backed by pools of mortgage loans. The debt to equity ratio of the company is 1.10.
At this time Chimera Investment is yielding 15.8%. The next dividend payment of $0.14 is on April 28 and payable to investors of record as of March 31.
Chimera closed Friday at $3.96, level with the closing on Thursday.
For 2011, the Street estimates non-GAAP EPS to come in at a range of $0.53 and $0.70. In 2010, non-GAAP EPS was $0.66. The next earnings release is on May 2, with analysts projecting between $0.13 and $0.17. In comparison, the first quarter of 2010 produced $0.19. This investment is not purely or necessarily primarily for capital appreciation, but it is also for the dividend payments.
Chimera puts its capital to work in U.S. government and private residential mortgage-backed securities representing interests in obligations backed by pools of mortgage loans. The debt to equity ratio of the company is 1.10.
At this time Chimera Investment is yielding 15.8%. The next dividend payment of $0.14 is on April 28 and payable to investors of record as of March 31.
Chimera closed Friday at $3.96, level with the closing on Thursday.
Thursday, March 10, 2011
Annaly Capital Management (NLY), Chimera Investments (CIM), General Growth Properties (GGP) Leading Reits
Among those watching real estate investment trusts, Annaly Capital Management (NYSE:NLY), Chimera Investments (NYSE: CIM) and General Growth Properties (NYSE:GGP) are the most watched.
Annaly Capital Management is the clear leader in terms of the percentage of people who are actively watching real estate investment trusts. It pays a whopping 14.3% dividend that easily can attract much investor attention. Annaly makes its money in a rather simple fashion: It borrows money cheaply, lends it out at a higher rate, and pockets the change.
The company issues shares to raise capital, which it levers up with short-term financing. It uses this capital to buy longer-term mortgage-backed securities, collects the interest on these securities or sells them, and then repays its lenders.
This model is similar to that of the proprietary trading desks at big banks such as Bank of America (NYSE:BAC) and Citigroup (NYSE:C), which, depending on implementation of the Volcker rule, may not even be legal in the foreseeable future. However, the difference now is that Annaly's trading is much safer (their investments are issued and guaranteed by the U.S. government) and typically as a shareholder you get to reap more of the reward. Fortunately, if you're looking for more of this type of exposure, Annaly's not the only game in town - both American Capital Agency (Nasdaq:AGNC) and Hatteras Financial (NYSE:HTS) play in the same sandbox. However, Annaly has been around much longer than the two companies listed above and has a pretty solid track record of success.
The next most-watched REIT is Annaly-managed Chimera Investments (NYSE: CIM), which is a little bit of a riskier stock in terms of its investment portfolio. Chimera invests mostly in residential mortgage-backed securities and asset-backed securities, some of which are agency and some of which are not. It also invests in whole mortgage loans which can be comprised of jumbo loans or Alt-A mortgage loans. Currently, Chimera pays a sweet 16% dividend. However, the company was incorporated in 2007, so it only has a short track record on which to judge its success.
The third most-watched REIT is General Growth Properties (NYSE:GGP), which has the typical characteristics that most people think of when REITs come to their mind. The company operates and develops retail, industrial, and office complexes, in addition to shopping centers and mixed-use areas. Unlike the two companies listed above, General Growth doesn't benefit from low short-term interest rates in the same way as the names above, and it doesn't utilize cheap cash to lever up and loan out its capital. So not surprisingly, you won't find any whopping dividend here - just a modest 2.5%. In fact, one of the main reasons investors are so tapped into General Growth is the fact that the company survived bankruptcy a few years back and has some great growth potential in front of it now.
Annaly Capital Management closed Wednesday at $17.85, up $0.11, or 0.62 percent. Chimera Investments closed at $4.27, down $0.02, or 0.47 percent. General Growth Properties closed at $14.92, down $0.31, or 2.04 percent.
Annaly Capital Management is the clear leader in terms of the percentage of people who are actively watching real estate investment trusts. It pays a whopping 14.3% dividend that easily can attract much investor attention. Annaly makes its money in a rather simple fashion: It borrows money cheaply, lends it out at a higher rate, and pockets the change.
The company issues shares to raise capital, which it levers up with short-term financing. It uses this capital to buy longer-term mortgage-backed securities, collects the interest on these securities or sells them, and then repays its lenders.
This model is similar to that of the proprietary trading desks at big banks such as Bank of America (NYSE:BAC) and Citigroup (NYSE:C), which, depending on implementation of the Volcker rule, may not even be legal in the foreseeable future. However, the difference now is that Annaly's trading is much safer (their investments are issued and guaranteed by the U.S. government) and typically as a shareholder you get to reap more of the reward. Fortunately, if you're looking for more of this type of exposure, Annaly's not the only game in town - both American Capital Agency (Nasdaq:AGNC) and Hatteras Financial (NYSE:HTS) play in the same sandbox. However, Annaly has been around much longer than the two companies listed above and has a pretty solid track record of success.
The next most-watched REIT is Annaly-managed Chimera Investments (NYSE: CIM), which is a little bit of a riskier stock in terms of its investment portfolio. Chimera invests mostly in residential mortgage-backed securities and asset-backed securities, some of which are agency and some of which are not. It also invests in whole mortgage loans which can be comprised of jumbo loans or Alt-A mortgage loans. Currently, Chimera pays a sweet 16% dividend. However, the company was incorporated in 2007, so it only has a short track record on which to judge its success.
The third most-watched REIT is General Growth Properties (NYSE:GGP), which has the typical characteristics that most people think of when REITs come to their mind. The company operates and develops retail, industrial, and office complexes, in addition to shopping centers and mixed-use areas. Unlike the two companies listed above, General Growth doesn't benefit from low short-term interest rates in the same way as the names above, and it doesn't utilize cheap cash to lever up and loan out its capital. So not surprisingly, you won't find any whopping dividend here - just a modest 2.5%. In fact, one of the main reasons investors are so tapped into General Growth is the fact that the company survived bankruptcy a few years back and has some great growth potential in front of it now.
Annaly Capital Management closed Wednesday at $17.85, up $0.11, or 0.62 percent. Chimera Investments closed at $4.27, down $0.02, or 0.47 percent. General Growth Properties closed at $14.92, down $0.31, or 2.04 percent.
Thursday, February 10, 2011
Chimera Investment Corp. (NYSE:CIM) Doesn't Impress Jefferies
Even though Chimera Investment Corporation's (NYSE:CIM) net income soared in the fourth quarter, rising from $95.47 million or $0.14 per share, last year in the same quarter, to $156.23 million, or $0.16 a share, that didn't impress Jefferies, who said "there isn't anything in the results that alters our opinion of the stock.”
Jefferies wrote in a note, “Core retained earnings of $0.14 were in-line with our estimate. The $0.03 miss to our total core income was due to weakness in non-retained interest income. Book value performance was once again essentially flat at $3.23 per share.
“The fair market value of the company's re REMIC support bonds decreased approximately one half point to $43.88 during the fourth quarter. Total operating expenses of $14.4M were slightly better than our forecast of $14.7M.”
Matthew J. Lambiase, CEO and President of the Company, thought differently, saying, "Chimera's results continue to reflect our ability to identify attractive investment opportunities. The fourth quarter results reflect the successful capital raise that settled in November. Looking ahead, the evolving regulatory and policy process will continue to affect the investment landscape. In this environment we remain positive on the relative attractiveness of opportunities we see in our market."
chimera was trading at $4.19, dropping $0.06, or 1.41 percent.
Jefferies wrote in a note, “Core retained earnings of $0.14 were in-line with our estimate. The $0.03 miss to our total core income was due to weakness in non-retained interest income. Book value performance was once again essentially flat at $3.23 per share.
“The fair market value of the company's re REMIC support bonds decreased approximately one half point to $43.88 during the fourth quarter. Total operating expenses of $14.4M were slightly better than our forecast of $14.7M.”
Matthew J. Lambiase, CEO and President of the Company, thought differently, saying, "Chimera's results continue to reflect our ability to identify attractive investment opportunities. The fourth quarter results reflect the successful capital raise that settled in November. Looking ahead, the evolving regulatory and policy process will continue to affect the investment landscape. In this environment we remain positive on the relative attractiveness of opportunities we see in our market."
chimera was trading at $4.19, dropping $0.06, or 1.41 percent.
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