Van ECK Associates Corp decreased its holdings in Chimera Investment Co. (NYSE:CIM - Free Report) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 645,480 shares of the real estate investment trust's stock after selling 39,093 shares during the quarter. Van ECK Associates Corp owned about 0.80% of Chimera Investment worth $9,882,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Chimera Investment by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust's stock valued at $106,526,000 after purchasing an additional 459,838 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Chimera Investment by 7.2% in the first quarter. Advisors Asset Management Inc. now owns 2,123,440 shares of the real estate investment trust's stock worth $9,789,000 after buying an additional 142,621 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Chimera Investment by 3.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,447,304 shares of the real estate investment trust's stock valued at $6,672,000 after buying an additional 44,364 shares in the last quarter. Cadent Capital Advisors LLC lifted its holdings in Chimera Investment by 12.9% in the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust's stock valued at $4,213,000 after purchasing an additional 30,393 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Chimera Investment by 73.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 246,201 shares of the real estate investment trust's stock valued at $1,135,000 after acquiring an additional 103,870 shares during the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.
Wall Street Analyst Weigh In
CIM has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on 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 cut shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th.
View Our Latest Research Report on Chimera Investment
Chimera Investment Stock Up 1.3 %
CIM stock traded up $0.20 during midday trading on Thursday, reaching $15.14. The company had a trading volume of 458,361 shares, compared to its average volume of 607,537. The company has a 50 day moving average of $15.60 and a two-hundred day moving average of $14.42. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a market capitalization of $1.22 billion, a P/E ratio of 8.97 and a beta of 1.73. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.75.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $186.72 million for the quarter, compared to the consensus estimate of $66.50 million. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. During the same quarter in the previous year, the company earned $0.36 EPS. On average, equities research analysts expect that Chimera Investment Co. 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. Shareholders of record on Monday, September 30th were paid a $0.37 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 9.78%. This is a positive change from Chimera Investment's previous quarterly dividend of $0.35. Chimera Investment's payout ratio is presently 87.05%.
About Chimera Investment
(
Free Report)
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.
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