Stifel Financial Corp decreased its position in Chimera Investment Co. (NYSE:CIM) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 853,870 shares of the real estate investment trust’s stock after selling 849 shares during the period. Stifel Financial Corp owned about 0.45% of Chimera Investment worth $17,203,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CIM. State Street Corp increased its position in Chimera Investment by 0.9% in the fourth quarter. State Street Corp now owns 2,804,574 shares of the real estate investment trust’s stock worth $47,731,000 after buying an additional 24,932 shares in the last quarter. National Planning Corp increased its position in Chimera Investment by 61.2% in the fourth quarter. National Planning Corp now owns 102,215 shares of the real estate investment trust’s stock worth $1,822,000 after buying an additional 38,799 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Chimera Investment during the fourth quarter worth about $11,120,000. Punch & Associates Investment Management Inc. increased its position in Chimera Investment by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 450,466 shares of the real estate investment trust’s stock worth $7,185,000 after buying an additional 2,912 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Chimera Investment by 0.9% in the third quarter. California State Teachers Retirement System now owns 411,552 shares of the real estate investment trust’s stock worth $6,564,000 after buying an additional 3,600 shares in the last quarter. 53.03% of the stock is currently owned by hedge funds and other institutional investors.
Chimera Investment Co. (NYSE:CIM) traded up 0.56% during midday trading on Friday, hitting $17.99. The stock had a trading volume of 1,158,608 shares. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 5.42 and a beta of 0.74. Chimera Investment Co. has a 52 week low of $14.70 and a 52 week high of $20.90. The firm has a 50 day moving average of $19.57 and a 200 day moving average of $18.29.
Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by $0.07. Chimera Investment had a return on equity of 14.60% and a net margin of 50.90%. The company had revenue of $141.11 million during the quarter, compared to the consensus estimate of $140.90 million. During the same period last year, the business earned $0.58 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Chimera Investment Co. will post $2.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.18%. The ex-dividend date is Wednesday, June 28th. Chimera Investment’s dividend payout ratio (DPR) is currently 84.75%.
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CIM has been the topic of a number of analyst reports. Wells Fargo & Co raised shares of Chimera Investment from an “underperform” rating to a “market perform” rating in a report on Thursday, February 16th. Barclays PLC set a $17.00 price objective on shares of Chimera Investment and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised shares of Chimera Investment from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.75.
About Chimera Investment
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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