Thornburg Investment Management Inc. Raises Holdings in Chimera Investment Corporation $CIM

Thornburg Investment Management Inc. lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,268,481 shares of the real estate investment trust’s stock after acquiring an additional 249,127 shares during the period. Chimera Investment makes up approximately 0.8% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 28th largest holding. Thornburg Investment Management Inc. owned 6.34% of Chimera Investment worth $65,487,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC grew its stake in shares of Chimera Investment by 64.3% during the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 936 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Chimera Investment by 864.7% during the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 2,862 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Chimera Investment by 1,211.4% during the fourth quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 5,742 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 3,423 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Chimera Investment by 59.2% during the second quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,857 shares during the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Trading Down 0.0%

Shares of CIM stock opened at $13.36 on Monday. The stock has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $13.11. Chimera Investment Corporation has a 1-year low of $11.67 and a 1-year high of $14.88. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -16.69 and a beta of 1.68.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The firm had revenue of $32.37 million during the quarter, compared to the consensus estimate of $102.35 million.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Chimera Investment’s dividend payout ratio is currently -225.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CIM shares. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 target price on shares of Chimera Investment in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chimera Investment has an average rating of “Hold” and a consensus target price of $14.83.

Chimera Investment Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.