JPMorgan Chase & Co. boosted its position in shares of Chimera Investment Corporation (NYSE:CIM) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,433,256 shares of the real estate investment trust’s stock after buying an additional 84,782 shares during the period. JPMorgan Chase & Co. owned approximately 0.76% of Chimera Investment worth $27,046,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CIM. Legal & General Group Plc lifted its stake in shares of Chimera Investment by 9.5% during the 3rd quarter. Legal & General Group Plc now owns 202,072 shares of the real estate investment trust’s stock worth $3,824,000 after acquiring an additional 17,563 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $237,000. Pacer Advisors Inc. lifted its stake in shares of Chimera Investment by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 29,152 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 3,028 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Chimera Investment by 12.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 189,987 shares of the real estate investment trust’s stock worth $3,583,000 after acquiring an additional 21,437 shares during the last quarter. Finally, ClariVest Asset Management LLC lifted its stake in shares of Chimera Investment by 2.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 572,303 shares of the real estate investment trust’s stock worth $10,829,000 after acquiring an additional 13,213 shares during the last quarter. 50.73% of the stock is owned by institutional investors.
In other Chimera Investment news, insider Mohit Marria bought 6,625 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased 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 SEC, which is available through this hyperlink. 0.65% of the stock is owned by insiders.
Chimera Investment Corporation (CIM) opened at $18.84 on Thursday. Chimera Investment Corporation has a fifty-two week low of $16.43 and a fifty-two week high of $20.90. The stock has a market capitalization of $3,526.53, a price-to-earnings ratio of 7.89 and a beta of 0.85. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.02 and a quick ratio of 0.02.
Chimera Investment (NYSE:CIM) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Chimera Investment had a return on equity of 13.29% and a net margin of 58.21%. The firm had revenue of $156.46 million for the quarter, compared to the consensus estimate of $150.29 million. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. sell-side analysts anticipate that Chimera Investment Corporation will post 2.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid 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 10.62%. Chimera Investment’s dividend payout ratio (DPR) is 61.35%.
A number of equities research analysts recently issued reports on the company. ValuEngine raised Chimera Investment from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 price objective on shares of Chimera Investment in a report on Friday, October 6th. Barclays set a $18.00 price objective on Chimera Investment and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, BidaskClub upgraded Chimera Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.83.
WARNING: “Chimera Investment Corporation (CIM) Shares Bought by JPMorgan Chase & Co.” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/14/chimera-investment-corporation-cim-shares-bought-by-jpmorgan-chase-co.html.
Chimera Investment 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.
Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.com's FREE daily email newsletter.