Chimera Investment Co. (NYSE:CIM) Sees Large Drop in Short Interest

Chimera Investment Co. (NYSE:CIM - Get Free Report) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,690,000 shares, a decline of 14.2% from the October 31st total of 1,970,000 shares. Currently, 2.1% of the company's shares are sold short. Based on an average daily trading volume, of 508,200 shares, the short-interest ratio is currently 3.3 days.

Chimera Investment Stock Down 1.0 %

Shares of NYSE:CIM traded down $0.15 during trading hours on Friday, hitting $14.84. The company's stock had a trading volume of 382,137 shares, compared to its average volume of 484,690. The firm's fifty day moving average price is $15.30 and its 200 day moving average price is $14.65. Chimera Investment has a 52 week low of $11.28 and a 52 week high of $16.89. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 4.50 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 (NYSE:CIM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.39 EPS. As a group, research analysts expect that Chimera Investment will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.37 per share. This is a boost 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 9.97%. The ex-dividend date of this dividend was Monday, September 30th. Chimera Investment's dividend payout ratio is 44.85%.

Hedge Funds Weigh In On Chimera Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in shares of Chimera Investment by 1,188.3% in the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 2,032 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Chimera Investment in the first quarter valued at approximately $63,000. Prospera Private Wealth LLC purchased a new position in Chimera Investment in the third quarter worth $65,000. Public Employees Retirement System of Ohio acquired a new position in shares of Chimera Investment during the first quarter worth $72,000. Finally, Simplify Asset Management Inc. purchased a new stake in shares of Chimera Investment during the 3rd quarter valued at $158,000. Hedge funds and other institutional investors own 48.44% of the company's stock.

Analysts Set New Price Targets

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

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.