Providence First Trust Co Buys New Position in Chimera Investment Corporation (CIM)
Providence First Trust Co bought a new position in Chimera Investment Corporation (NYSE:CIM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 72,652 shares of the real estate investment trust’s stock, valued at approximately $1,375,000.
Several other institutional investors have also bought and sold shares of the business. New York State Common Retirement Fund increased its holdings in shares of Chimera Investment Corporation by 3.5% in the 3rd quarter. New York State Common Retirement Fund now owns 588,371 shares of the real estate investment trust’s stock worth $11,132,000 after purchasing an additional 20,000 shares in the last quarter. Global X MANAGEMENT CO LLC increased its holdings in shares of Chimera Investment Corporation by 5.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,050,394 shares of the real estate investment trust’s stock worth $19,873,000 after purchasing an additional 52,057 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Chimera Investment Corporation in the 3rd quarter worth $539,000. First Quadrant L P CA bought a new stake in shares of Chimera Investment Corporation in the 3rd quarter worth $368,000. Finally, First Trust Advisors LP increased its holdings in shares of Chimera Investment Corporation by 11.3% in the 3rd quarter. First Trust Advisors LP now owns 1,229,435 shares of the real estate investment trust’s stock worth $23,261,000 after purchasing an additional 124,413 shares in the last quarter. 50.80% of the stock is owned by institutional investors and hedge funds.
Shares of Chimera Investment Corporation (NYSE:CIM) traded down $0.10 on Monday, hitting $17.87. The company had a trading volume of 1,114,900 shares, compared to its average volume of 1,358,320. 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 has a one year low of $16.01 and a one year high of $20.90. The company has a market capitalization of $3,390.00, a price-to-earnings ratio of 7.51 and a beta of 0.92.
Chimera Investment Corporation (NYSE:CIM) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $156.46 million during the quarter, compared to analyst estimates of $150.29 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Chimera Investment Corporation’s revenue was up .3% compared to the same quarter last year. research analysts anticipate that Chimera Investment Corporation will post 2.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 annualized dividend and a yield of 11.19%. Chimera Investment Corporation’s dividend payout ratio (DPR) is presently 61.54%.
A number of analysts have commented on CIM shares. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG lifted their target price on Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 target price on shares of Chimera Investment Corporation in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four 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 company presently has a consensus rating of “Hold” and an average price target of $18.83.
In related news, insider Mohit Marria bought 6,625 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by insiders.
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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