Nisa Investment Advisors LLC boosted its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 11.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,450 shares of the real estate investment trust’s stock after buying an additional 3,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Chimera Investment Corporation were worth $681,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Chimera Investment Corporation by 14,286.5% in the first quarter. BlackRock Inc. now owns 11,273,292 shares of the real estate investment trust’s stock worth $227,494,000 after buying an additional 11,194,932 shares during the last quarter. Karp Capital Management Corp bought a new stake in Chimera Investment Corporation during the first quarter worth $28,410,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Chimera Investment Corporation during the first quarter worth $22,283,000. LSV Asset Management increased its stake in Chimera Investment Corporation by 49.6% in the first quarter. LSV Asset Management now owns 2,247,147 shares of the real estate investment trust’s stock worth $45,347,000 after buying an additional 744,848 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Chimera Investment Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 14,556,082 shares of the real estate investment trust’s stock worth $293,741,000 after buying an additional 658,674 shares during the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.
Chimera Investment Corporation (NYSE CIM) opened at 19.04 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 5.47 and a beta of 0.94. The stock’s 50 day moving average price is $18.76 and its 200-day moving average price is $19.09. Chimera Investment Corporation has a 12-month low of $14.70 and a 12-month high of $20.90.
Chimera Investment Corporation (NYSE:CIM) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business had revenue of $150.70 million for the quarter, compared to the consensus estimate of $149.75 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. Chimera Investment Corporation’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Equities research analysts anticipate that Chimera Investment Corporation will post $2.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio is 57.31%.
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A number of analysts have recently weighed in on the company. BidaskClub upgraded Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Deutsche Bank AG upped their target price on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC set a $17.00 target price on Chimera Investment Corporation and gave the company a “hold” rating in a research report on Monday, May 8th. Finally, ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.88.
Chimera Investment Corporation Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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