Stifel Financial Corp trimmed its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 13.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 734,886 shares of the real estate investment trust’s stock after selling 118,984 shares during the period. Stifel Financial Corp owned approximately 0.39% of Chimera Investment Corporation worth $13,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CIM. US Bancorp DE raised its holdings in shares of Chimera Investment Corporation by 71.9% during the first quarter. US Bancorp DE now owns 17,614 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 7,366 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Chimera Investment Corporation by 80.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,869 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 3,519 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Chimera Investment Corporation by 14.3% during the first quarter. UBS Asset Management Americas Inc. now owns 153,603 shares of the real estate investment trust’s stock valued at $3,100,000 after purchasing an additional 19,212 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Chimera Investment Corporation by 8.5% during the first quarter. Sei Investments Co. now owns 20,355 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Chimera Investment Corporation by 8.0% during the first quarter. Ameriprise Financial Inc. now owns 123,215 shares of the real estate investment trust’s stock valued at $2,491,000 after purchasing an additional 9,165 shares during the last quarter. 52.19% of the stock is owned by hedge funds and other institutional investors.

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Chimera Investment Corporation (NYSE:CIM) opened at 18.92 on Friday. Chimera Investment Corporation has a 12-month low of $14.70 and a 12-month high of $20.90. The stock’s 50 day moving average is $18.99 and its 200 day moving average is $19.17. The stock has a market capitalization of $3.55 billion, a PE ratio of 5.44 and a beta of 0.90.

Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The company had revenue of $150.70 million during the quarter, compared to analysts’ expectations of $149.75 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Equities analysts anticipate that Chimera Investment Corporation will post $2.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 10.57%. The ex-dividend date is Thursday, September 28th. Chimera Investment Corporation’s payout ratio is currently 57.31%.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. ValuEngine raised shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Deutsche Bank AG boosted their price objective on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.00.

Chimera Investment Corporation 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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Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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