Chimera Investment Stock Falls On Unusually High Volume (CIM)

NEW YORK ( TheStreet) -- Chimera Investment Corporation (NYSE: CIM) is trading at unusually high volume Thursday with 49.5 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 18 cents (-5.9%) at $2.89 as of 10:30 a.m. ET.

Chimera Investment has a market cap of $3.01 billion and is part of the financial sector and real estate industry. Shares are up 22.3% year to date as of the close of trading on Wednesday.

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 5.4, below the average real estate industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chimera Investment as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself. You can view the full Chimera Investment Ratings Report.

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