KBW has a Market Perform rating and a $3.75 price target on shares of Chimera Investment Corp. CIM following earnings.
In a note to investors, KBW writes, "CIM reported core EPS of $0.15, up from $0.14 in 4Q driven by a higher asset base, leverage, and net spread. BV declined to $3.18 from $3.23. We are raising our 2011 EPS estimate to $0.58 to reflect the GAAP beat this quarter. We maintain our Market Perform rating."
Shares of CIM lost 6 cents yesterday to close at $3.94, a loss of 1.5%.
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