Xact Kapitalforvaltning AB Takes Position in Chimera Investment Co. (CIM)

Xact Kapitalforvaltning AB bought a new position in Chimera Investment Co. (NYSE:CIM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,562 shares of the real estate investment trust’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Chimera Investment by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 1,433,256 shares of the real estate investment trust’s stock worth $27,046,000 after purchasing an additional 84,782 shares during the period. Mackenzie Financial Corp raised its holdings in Chimera Investment by 80.2% in the third quarter. Mackenzie Financial Corp now owns 44,604 shares of the real estate investment trust’s stock worth $844,000 after purchasing an additional 19,846 shares during the period. American Century Companies Inc. acquired a new stake in Chimera Investment in the fourth quarter worth $9,021,000. Schwab Charles Investment Management Inc. raised its holdings in Chimera Investment by 3.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,240,353 shares of the real estate investment trust’s stock worth $22,922,000 after purchasing an additional 46,512 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Chimera Investment by 2.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,896,578 shares of the real estate investment trust’s stock worth $35,049,000 after purchasing an additional 52,874 shares during the period. Institutional investors own 50.18% of the company’s stock.

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Shares of NYSE:CIM opened at $17.44 on Friday. Chimera Investment Co. has a 12 month low of $15.77 and a 12 month high of $20.90. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.64. The firm has a market cap of $3,275.39, a P/E ratio of 7.42 and a beta of 0.51.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. The business had revenue of $157.75 million for the quarter, compared to analyst estimates of $148.90 million. During the same period last year, the business posted $0.65 earnings per share. research analysts predict that Chimera Investment Co. will post 2.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.47%. Chimera Investment’s payout ratio is 85.47%.

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 target price on shares of Chimera Investment in a report on Friday, February 16th. Credit Suisse Group upgraded shares of Chimera Investment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $18.01 to $19.00 in a report on Thursday, January 25th. ValuEngine lowered shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.75.

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Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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

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