Vanguard Group Inc. raised its position in Chimera Investment Corp. (NYSE:CIM) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,027,207 shares of the company’s stock after buying an additional 434,637 shares during the period. Vanguard Group Inc. owned about 6.94% of Chimera Investment Corp. worth $204,527,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Chimera Investment Corp. during the second quarter worth about $159,000. Raymond James Trust N.A. increased its stake in shares of Chimera Investment Corp. by 2.6% in the second quarter. Raymond James Trust N.A. now owns 18,011 shares of the company’s stock worth $283,000 after buying an additional 453 shares during the period. Babson Capital Management LLC increased its stake in shares of Chimera Investment Corp. by 298.4% in the first quarter. Babson Capital Management LLC now owns 76,500 shares of the company’s stock worth $1,040,000 after buying an additional 57,300 shares during the period. LPL Financial LLC increased its stake in shares of Chimera Investment Corp. by 15.5% in the first quarter. LPL Financial LLC now owns 127,084 shares of the company’s stock worth $1,713,000 after buying an additional 17,029 shares during the period. Finally, National Planning Corp increased its stake in shares of Chimera Investment Corp. by 57.2% in the first quarter. National Planning Corp now owns 42,591 shares of the company’s stock worth $621,000 after buying an additional 15,500 shares during the period. 53.65% of the stock is owned by institutional investors.
Shares of Chimera Investment Corp. (NYSE:CIM) opened at 15.22 on Monday. Chimera Investment Corp. has a 12 month low of $10.89 and a 12 month high of $16.98. The stock’s 50 day moving average is $15.98 and its 200 day moving average is $15.44. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.94 and a beta of 0.83.
Chimera Investment Corp. (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $137.87 million for the quarter, compared to the consensus estimate of $134.42 million. Chimera Investment Corp. had a net margin of 26.83% and a return on equity of 13.50%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. Equities research analysts forecast that Chimera Investment Corp. will post $2.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 12.61%. Chimera Investment Corp.’s dividend payout ratio (DPR) is presently 160.00%.
A number of analysts have issued reports on the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.50 price target on shares of Chimera Investment Corp. in a report on Friday, September 9th. Barclays PLC increased their price target on Chimera Investment Corp. from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Nomura reiterated a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Chimera Investment Corp. in a report on Wednesday, August 10th. Keefe, Bruyette & Woods increased their price target on Chimera Investment Corp. from $14.00 to $15.50 and gave the company a “market perform” rating in a report on Tuesday, August 9th. Finally, Deutsche Bank AG increased their price target on Chimera Investment Corp. from $14.50 to $17.50 and gave the company a “hold” rating in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Chimera Investment Corp. presently has a consensus rating of “Hold” and a consensus target price of $16.58.
In other Chimera Investment Corp. news, COO Choudhary Yarlagadda purchased 2,305 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $16.10 per share, for a total transaction of $37,110.50. Following the purchase, the chief operating officer now owns 104,391 shares of the company’s stock, valued at approximately $1,680,695.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.
About Chimera Investment Corp.
Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.
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