Chimera Investment Corporation (CIM) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC grew its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 160.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,062 shares of the real estate investment trust’s stock after buying an additional 67,206 shares during the period. Sterling Capital Management LLC owned 0.06% of Chimera Investment Corporation worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CIM. UBS Asset Management Americas Inc. raised its position in shares of Chimera Investment Corporation by 14.3% during the first quarter. UBS Asset Management Americas Inc. now owns 153,603 shares of the real estate investment trust’s stock valued at $3,100,000 after buying an additional 19,212 shares during the last quarter. Sei Investments Co. increased its position in Chimera Investment Corporation by 8.5% in the first quarter. Sei Investments Co. now owns 20,355 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 1,602 shares during the last quarter. Ameriprise Financial Inc. increased its position in Chimera Investment Corporation by 8.0% in the first quarter. Ameriprise Financial Inc. now owns 123,215 shares of the real estate investment trust’s stock worth $2,491,000 after purchasing an additional 9,165 shares during the last quarter. Wellington Management Group LLP increased its position in Chimera Investment Corporation by 33.8% in the first quarter. Wellington Management Group LLP now owns 307,182 shares of the real estate investment trust’s stock worth $6,199,000 after purchasing an additional 77,566 shares during the last quarter. Finally, FMR LLC increased its position in Chimera Investment Corporation by 18.4% in the first quarter. FMR LLC now owns 1,088,205 shares of the real estate investment trust’s stock worth $21,960,000 after purchasing an additional 168,800 shares during the last quarter. Hedge funds and other institutional investors own 51.11% of the company’s stock.

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Chimera Investment Corporation (NYSE:CIM) traded up 0.1394% during mid-day trading on Friday, hitting $18.3155. The company had a trading volume of 395,127 shares. The company has a 50-day moving average price of $19.09 and a 200 day moving average price of $19.05. Chimera Investment Corporation has a 52-week low of $15.39 and a 52-week high of $20.90. The company has a market capitalization of $3.44 billion, a P/E ratio of 5.2646 and a beta of 0.88.

Chimera Investment Corporation (NYSE:CIM) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The business had revenue of $150.70 million during the quarter, compared to analyst estimates of $149.75 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, analysts forecast that Chimera Investment Corporation will post $2.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 10.93%. Chimera Investment Corporation’s dividend payout ratio is presently 57.31%.

Several equities research analysts recently weighed in on CIM shares. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Barclays PLC set a $18.00 price objective on shares of Chimera Investment Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Deutsche Bank AG lifted their price objective on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price objective on shares of Chimera Investment Corporation in a research note on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.83.

Chimera Investment Corporation Company 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 Corporation (NYSE:CIM)

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