Chimera Investment Co. (NYSE:CIM) Short Interest Up 7.1% in October

Chimera Investment Co. (NYSE:CIM - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,970,000 shares, a growth of 7.1% from the October 15th total of 1,840,000 shares. Based on an average trading volume of 506,900 shares, the short-interest ratio is presently 3.9 days. Currently, 2.5% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Chimera Investment from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, August 15th.

Institutional Investors Weigh In On Chimera Investment

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its stake in Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 2,032 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Chimera Investment in the 1st quarter worth $63,000. Prospera Private Wealth LLC acquired a new position in Chimera Investment during the 3rd quarter valued at about $65,000. Public Employees Retirement System of Ohio purchased a new stake in Chimera Investment in the first quarter valued at about $72,000. Finally, EntryPoint Capital LLC boosted its holdings in Chimera Investment by 703.3% in the first quarter. EntryPoint Capital LLC now owns 19,208 shares of the real estate investment trust's stock worth $89,000 after acquiring an additional 16,817 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Stock Down 0.1 %

Shares of CIM stock traded down $0.01 during mid-day trading on Tuesday, hitting $14.75. The stock had a trading volume of 361,566 shares, compared to its average volume of 604,387. The firm has a market capitalization of $1.19 billion, a P/E ratio of 4.47 and a beta of 1.73. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment has a 12-month low of $11.28 and a 12-month high of $16.89. The firm's 50-day moving average is $15.50 and its two-hundred day moving average is $14.58.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to analysts' expectations of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same period in the previous year, the company posted $0.39 EPS. On average, analysts predict that Chimera Investment will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.37 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Chimera Investment's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.03%. Chimera Investment's dividend payout ratio (DPR) is currently 44.85%.

Chimera Investment Company Profile

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