Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 53,671 shares of the real estate investment trust’s stock after acquiring an additional 4,252 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Chimera Investment were worth $1,015,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CIM. Raymond James Trust N.A. increased its position in shares of Chimera Investment by 0.6% during the second quarter. Raymond James Trust N.A. now owns 21,501 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 133 shares during the period. Utah Retirement Systems increased its position in shares of Chimera Investment by 0.4% during the second quarter. Utah Retirement Systems now owns 34,290 shares of the real estate investment trust’s stock worth $638,000 after buying an additional 151 shares during the period. Synovus Financial Corp increased its position in shares of Chimera Investment by 3.3% during the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 326 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Chimera Investment by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 341 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chimera Investment by 6.2% during the second 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 period. 50.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Chimera Investment Co. (CIM) opened at $18.79 on Thursday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. The company has a market cap of $3,498.36, a price-to-earnings ratio of 7.83 and a beta of 0.85. Chimera Investment Co. has a twelve month low of $16.70 and a twelve month high of $20.90.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $156.46 million during the quarter, compared to analysts’ expectations of $150.29 million. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. equities analysts predict that Chimera Investment Co. will post 2.33 EPS for the current fiscal year.

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date is Thursday, December 28th. Chimera Investment’s payout ratio is 61.35%.

Several equities research analysts have recently weighed in on CIM shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.50 price objective on shares of Chimera Investment in a research report on Friday, October 6th. ValuEngine upgraded shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Finally, Barclays set a $18.00 price objective on shares of Chimera Investment and gave the stock a “hold” rating in a research report on Tuesday, October 10th. One 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 has an average rating of “Hold” and a consensus target price of $18.83.

In related news, insider Mohit Marria purchased 6,625 shares of Chimera Investment stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $17.89 per share, for a total transaction of $118,521.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

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Chimera Investment 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.

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

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