Chimera Investment Corporation (CIM) Stake Lifted by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC boosted its position in Chimera Investment Corporation (NYSE:CIM) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,050,394 shares of the real estate investment trust’s stock after purchasing an additional 52,057 shares during the quarter. Global X MANAGEMENT CO LLC owned about 0.56% of Chimera Investment Corporation worth $19,873,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIM. BlackRock Inc. raised its stake in Chimera Investment Corporation by 14,286.5% in the 1st quarter. BlackRock Inc. now owns 11,273,292 shares of the real estate investment trust’s stock valued at $227,494,000 after purchasing an additional 11,194,932 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Chimera Investment Corporation in the 2nd quarter valued at $7,516,000. FMR LLC raised its stake in Chimera Investment Corporation by 34.7% in the 2nd quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock valued at $27,314,000 after purchasing an additional 377,925 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Chimera Investment Corporation by 7.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,094,299 shares of the real estate investment trust’s stock valued at $57,647,000 after purchasing an additional 211,259 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Chimera Investment Corporation by 87.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 453,534 shares of the real estate investment trust’s stock valued at $8,449,000 after purchasing an additional 211,097 shares during the last quarter. 51.15% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on CIM shares. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price objective on shares of Chimera Investment Corporation in a research note on Friday, October 6th. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG increased their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC set a $18.00 price objective on Chimera Investment Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Chimera Investment Corporation currently has an average rating of “Hold” and a consensus price target of $18.83.
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Shares of Chimera Investment Corporation (NYSE CIM) traded down $0.10 on Friday, hitting $17.87. The company’s stock had a trading volume of 1,114,921 shares, compared to its average volume of 1,005,885. Chimera Investment Corporation has a twelve month low of $16.01 and a twelve month high of $20.90. The firm has a market cap of $3,374.42, a P/E ratio of 7.55 and a beta of 0.86. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72.
Chimera Investment Corporation (NYSE:CIM) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Chimera Investment Corporation had a return on equity of 13.29% and a net margin of 58.21%. The business had revenue of $156.46 million during the quarter, compared to the consensus estimate of $150.29 million. During the same period last year, the company earned $0.68 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts expect that Chimera Investment Corporation will post 2.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.19%. The ex-dividend date of this dividend is Thursday, December 28th. Chimera Investment Corporation’s dividend payout ratio (DPR) is presently 61.35%.
In related news, insider Mohit Marria bought 6,625 shares of the business’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $17.89 per share, with a total value of $118,521.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by company insiders.
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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