Vanguard Group Inc. Raises Holdings in Chimera Investment Corporation $CIM

Vanguard Group Inc. increased its position in shares of Chimera Investment Corporation (NYSE:CIM) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,651,505 shares of the real estate investment trust’s stock after purchasing an additional 208,112 shares during the quarter. Vanguard Group Inc. owned 9.20% of Chimera Investment worth $95,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tudor Investment Corp ET AL lifted its holdings in shares of Chimera Investment by 34.9% during the third quarter. Tudor Investment Corp ET AL now owns 320,209 shares of the real estate investment trust’s stock worth $4,233,000 after purchasing an additional 82,883 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Chimera Investment by 21.7% during the third quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock worth $22,095,000 after purchasing an additional 297,709 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Chimera Investment during the fourth quarter worth about $7,431,000. Ritholtz Wealth Management acquired a new stake in shares of Chimera Investment during the fourth quarter worth about $4,977,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Chimera Investment by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 315,117 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 68,646 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CIM has been the subject of a number of research reports. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings raised Chimera Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.

Chimera Investment Trading Down 0.9%

Shares of CIM stock opened at $13.31 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.06. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -16.63 and a beta of 1.71. The stock has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $12.97. Chimera Investment Corporation has a 1-year low of $11.67 and a 1-year high of $14.88.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, topping 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 analysts’ expectations of $102.35 million.

About Chimera Investment

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.