Chimera Investment Corporation (NYSE:CIM) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,229,435 shares of the real estate investment trust’s stock after acquiring an additional 124,413 shares during the quarter. First Trust Advisors LP owned about 0.65% of Chimera Investment Corporation worth $23,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CIM. Ameriprise Financial Inc. boosted its holdings in shares of Chimera Investment Corporation by 8.0% during the 1st quarter. Ameriprise Financial Inc. now owns 123,215 shares of the real estate investment trust’s stock valued at $2,491,000 after acquiring an additional 9,165 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chimera Investment Corporation by 33.8% during the 1st quarter. Wellington Management Group LLP now owns 307,182 shares of the real estate investment trust’s stock valued at $6,199,000 after acquiring an additional 77,566 shares during the last quarter. FMR LLC boosted its holdings in shares of Chimera Investment Corporation by 18.4% during the 1st quarter. FMR LLC now owns 1,088,205 shares of the real estate investment trust’s stock valued at $21,960,000 after acquiring an additional 168,800 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Chimera Investment Corporation by 6.8% during the 1st quarter. Teachers Advisors LLC now owns 238,398 shares of the real estate investment trust’s stock valued at $4,811,000 after acquiring an additional 15,258 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Chimera Investment Corporation by 94.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,605 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 6,610 shares during the last quarter. 51.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on CIM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price target on shares of Chimera Investment Corporation in a report on Friday, October 6th. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG increased 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. 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. Finally, ValuEngine upgraded shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.83.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/12/first-trust-advisors-lp-has-23-26-million-stake-in-chimera-investment-corporation-cim.html.

Shares of Chimera Investment Corporation (CIM) traded down $0.10 during trading hours on Friday, hitting $17.87. 1,114,900 shares of the stock traded hands, compared to its average volume of 1,005,885. Chimera Investment Corporation has a 52-week low of $16.01 and a 52-week high of $20.90. 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 $3,355.65, a PE ratio of 7.51 and a beta of 0.86.

Chimera Investment Corporation (NYSE:CIM) last released its 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. Chimera Investment Corporation had a net margin of 58.21% and a return on equity of 13.29%. The company had revenue of $156.46 million for the quarter, compared to analysts’ expectations of $150.29 million. During the same quarter last year, the business earned $0.68 EPS. The firm’s revenue was up .3% compared to the same quarter last year. equities analysts forecast that Chimera Investment Corporation will post 2.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.19%. The ex-dividend date is Thursday, December 28th. Chimera Investment Corporation’s payout ratio is 61.35%.

In other news, insider Mohit Marria bought 6,625 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $17.89 per share, for a total transaction of $118,521.25. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

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)

Receive News & Ratings for Chimera Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply