Barings LLC grew its position in Chimera Investment Co. (NYSE:CIM) by 67.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,100 shares of the real estate investment trust’s stock after purchasing an additional 16,600 shares during the period. Barings LLC’s holdings in Chimera Investment were worth $760,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Chimera Investment by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 341 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Chimera Investment by 77.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,286 shares during the last quarter. SG Americas Securities LLC acquired a new position in Chimera Investment in the 3rd quarter worth about $145,000. Kovack Advisors Inc. acquired a new position in Chimera Investment in the 4th quarter worth about $191,000. Finally, Private Advisor Group LLC acquired a new position in shares of Chimera Investment during the 3rd quarter valued at about $196,000. 49.99% of the stock is currently owned by institutional investors.
Shares of Chimera Investment Co. (NYSE:CIM) opened at $16.97 on Thursday. The stock has a market capitalization of $3,241.59, a P/E ratio of 7.34 and a beta of 0.60. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. Chimera Investment Co. has a fifty-two week low of $15.77 and a fifty-two week high of $20.90.
Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $157.75 million for the quarter, compared to analyst estimates of $148.90 million. Chimera Investment had a return on equity of 12.97% and a net margin of 46.07%. During the same quarter last year, the firm posted $0.65 EPS. equities research analysts forecast that Chimera Investment Co. will post 2.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend is Thursday, March 29th. Chimera Investment’s dividend payout ratio (DPR) is currently 76.63%.
In other Chimera Investment news, CIO Mohit Marria bought 3,000 shares of the stock in a transaction on Friday, December 29th. The shares were purchased at an average price of $25.82 per share, with a total value of $77,460.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.65% of the company’s stock.
A number of research analysts have recently commented on CIM shares. Zacks Investment Research lowered Chimera Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine raised Chimera Investment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 5th. Deutsche Bank raised Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Credit Suisse Group raised Chimera Investment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $18.01 to $19.00 in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price objective on shares of Chimera Investment in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.75.
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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.
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