Chimera Investment Corporation (CIM) Shares Bought by Amalgamated Bank
Amalgamated Bank lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 26.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,994 shares of the real estate investment trust’s stock after purchasing an additional 7,057 shares during the period. Amalgamated Bank’s holdings in Chimera Investment Corporation were worth $633,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chimera Investment Corporation by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 485 shares during the last quarter. Ffcm LLC grew its position in Chimera Investment Corporation by 99.8% during the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 4,840 shares during the period. Winslow Evans & Crocker Inc. bought a new position in Chimera Investment Corporation during the second quarter valued at about $189,000. Synovus Financial Corp grew its position in Chimera Investment Corporation by 3.3% during the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 326 shares during the period. Finally, Snow Capital Management LP bought a new position in Chimera Investment Corporation during the first quarter valued at about $201,000. Institutional investors own 52.19% of the company’s stock.
Shares of Chimera Investment Corporation (NYSE:CIM) opened at 19.00 on Tuesday. Chimera Investment Corporation has a 52-week low of $14.70 and a 52-week high of $20.90. The firm has a 50-day moving average price of $19.08 and a 200-day moving average price of $19.18. The stock has a market capitalization of $3.57 billion, a P/E ratio of 5.46 and a beta of 0.88.
Chimera Investment Corporation (NYSE:CIM) last posted its earnings results 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 company 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 revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. On average, analysts predict that Chimera Investment Corporation will post $2.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.53%. Chimera Investment Corporation’s dividend payout ratio is presently 57.31%.
A number of research firms recently issued reports on CIM. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Deutsche Bank AG boosted their target price on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.00.
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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