Swiss National Bank increased its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,080 shares of the real estate investment trust’s stock after buying an additional 7,300 shares during the quarter. Swiss National Bank owned about 0.19% of CHIMERA INVT CO/SH NEW worth $6,568,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of CHIMERA INVT CO/SH NEW by 4.2% in the first quarter. Advisory Services Network LLC now owns 90,099 shares of the real estate investment trust’s stock worth $1,688,000 after purchasing an additional 3,591 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of CHIMERA INVT CO/SH NEW in the second quarter valued at $25,000. Martingale Asset Management L P lifted its holdings in shares of CHIMERA INVT CO/SH NEW by 10.9% in the first quarter. Martingale Asset Management L P now owns 612,273 shares of the real estate investment trust’s stock valued at $11,476,000 after buying an additional 60,319 shares during the period. Yorktown Management & Research Co Inc acquired a new stake in shares of CHIMERA INVT CO/SH NEW in the first quarter valued at $590,000. Finally, SevenBridge Financial Group LLC lifted its holdings in shares of CHIMERA INVT CO/SH NEW by 267.6% in the second quarter. SevenBridge Financial Group LLC now owns 7,425 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 5,405 shares during the period. Hedge funds and other institutional investors own 51.98% of the company’s stock.
Several analysts have recently weighed in on the company. Credit Suisse Group lowered CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective for the company. in a report on Wednesday, August 21st. They noted that the move was a valuation call. Zacks Investment Research lowered CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.75.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $157.07 million. CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. As a group, sell-side analysts expect that CHIMERA INVT CO/SH NEW will post 2.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.59%. The ex-dividend date is Thursday, September 26th. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.
About CHIMERA INVT CO/SH NEW
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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