Elkfork Partners LLC Invests $2.27 Million in Chimera Investment Co. (CIM) Stock

Elkfork Partners LLC bought a new position in shares of Chimera Investment Co. (NYSE:CIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 122,628 shares of the real estate investment trust’s stock, valued at approximately $2,266,000. Elkfork Partners LLC owned about 0.07% of Chimera Investment at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. West Family Investments Inc. raised its position in shares of Chimera Investment by 0.7% during the fourth quarter. West Family Investments Inc. now owns 2,780,881 shares of the real estate investment trust’s stock valued at $51,253,000 after buying an additional 19,000 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Chimera Investment by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,779,722 shares of the real estate investment trust’s stock valued at $51,369,000 after buying an additional 143,919 shares during the last quarter. LSV Asset Management raised its position in shares of Chimera Investment by 1.7% during the fourth quarter. LSV Asset Management now owns 2,617,347 shares of the real estate investment trust’s stock valued at $48,368,000 after buying an additional 43,667 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Chimera Investment by 2.9% during the fourth quarter. Allianz Asset Management GmbH now owns 1,896,578 shares of the real estate investment trust’s stock valued at $35,049,000 after buying an additional 52,874 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Chimera Investment by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 1,433,256 shares of the real estate investment trust’s stock valued at $27,046,000 after buying an additional 84,782 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

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CIM has been the subject of a number of research analyst reports. ValuEngine raised shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Credit Suisse Group raised shares of Chimera Investment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $18.01 to $19.00 in a research report on Thursday, January 25th. Deutsche Bank raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price objective on shares of Chimera Investment in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Chimera Investment currently has a consensus rating of “Hold” and a consensus price target of $18.75.

In other Chimera Investment news, CIO Mohit Marria bought 3,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were acquired at an average price of $25.82 per share, with a total value of $77,460.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Chimera Investment Co. (NYSE CIM) opened at $17.44 on Monday. The company has a market cap of $3,275.39, a PE ratio of 6.68 and a beta of 0.60. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.64. Chimera Investment Co. has a 52-week low of $15.77 and a 52-week high of $20.90.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $157.75 million for the quarter, compared to analysts’ expectations of $148.90 million. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. During the same quarter in the previous year, the firm posted $0.65 earnings per share. sell-side analysts forecast that Chimera Investment Co. will post 2.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.00 dividend on an annualized basis and a yield of 11.47%. Chimera Investment’s payout ratio is currently 76.63%.

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About Chimera Investment

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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