First Trust Advisors LP Has $23.26 Million Stake in Chimera Investment Corporation (CIM)
First Trust Advisors LP lifted its stake in Chimera Investment Corporation (NYSE:CIM) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,229,435 shares of the real estate investment trust’s stock after purchasing an additional 124,413 shares during the period. First Trust Advisors LP owned 0.65% of Chimera Investment Corporation worth $23,261,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Chimera Investment Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 14,556,082 shares of the real estate investment trust’s stock worth $293,741,000 after purchasing an additional 658,674 shares in the last quarter. BlackRock Inc. increased its stake in Chimera Investment Corporation by 6.7% in the 2nd quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock worth $224,151,000 after buying an additional 758,460 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 worth $57,647,000 after buying an additional 211,259 shares in the last quarter. State Street Corp increased its stake in Chimera Investment Corporation by 0.8% in the 2nd quarter. State Street Corp now owns 2,853,365 shares of the real estate investment trust’s stock worth $53,155,000 after buying an additional 22,781 shares in the last quarter. Finally, LSV Asset Management increased its stake in Chimera Investment Corporation by 5.8% in the 2nd quarter. LSV Asset Management now owns 2,376,747 shares of the real estate investment trust’s stock worth $44,278,000 after buying an additional 129,600 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
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Chimera Investment Corporation (NYSE:CIM) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The company had revenue of $156.46 million during the quarter, compared to analysts’ expectations of $150.29 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.89%. Chimera Investment Corporation’s payout ratio is 57.31%.
A number of equities research analysts have issued reports on the company. Barclays PLC set a $18.00 price target on Chimera Investment Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 price target on shares of Chimera Investment Corporation in a research note on Friday, October 6th. ValuEngine upgraded Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Chimera Investment Corporation presently has an average rating of “Hold” and an average target price of $18.83.
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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