LSV Asset Management boosted its stake in shares of Chimera Investment Co. (NYSE:CIM) by 49.6% during the first quarter, Holdings Channel reports. The fund owned 2,247,147 shares of the real estate investment trust’s stock after buying an additional 744,848 shares during the period. LSV Asset Management owned approximately 1.20% of Chimera Investment worth $45,347,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Tyers Asset Management LLC boosted its position in shares of Chimera Investment by 266.7% in the first quarter. Tyers Asset Management LLC now owns 53,966 shares of the real estate investment trust’s stock valued at $1,089,000 after buying an additional 39,248 shares during the last quarter. Geneva Advisors LLC boosted its position in shares of Chimera Investment by 66.7% in the first quarter. Geneva Advisors LLC now owns 92,968 shares of the real estate investment trust’s stock valued at $1,876,000 after buying an additional 37,195 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Chimera Investment during the first quarter valued at approximately $2,337,000. Wells Fargo & Company MN boosted its position in shares of Chimera Investment by 7.3% in the first quarter. Wells Fargo & Company MN now owns 1,058,026 shares of the real estate investment trust’s stock valued at $21,352,000 after buying an additional 71,903 shares during the last quarter. Finally, Greenleaf Trust boosted its position in shares of Chimera Investment by 0.6% in the first quarter. Greenleaf Trust now owns 15,305 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 96 shares during the last quarter. Institutional investors own 53.03% of the company’s stock.
Chimera Investment Co. (NYSE:CIM) traded up 1.05% during midday trading on Friday, reaching $19.25. 2,945,090 shares of the company’s stock were exchanged. Chimera Investment Co. has a 12 month low of $14.50 and a 12 month high of $20.90. The stock has a market cap of $3.61 billion, a PE ratio of 6.59 and a beta of 0.74. The firm has a 50 day moving average of $20.19 and a 200-day moving average of $18.11.
Chimera Investment (NYSE:CIM) last posted its quarterly earnings results 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. The business had revenue of $141.11 million for the quarter, compared to analysts’ expectations of $140.90 million. Chimera Investment had a return on equity of 14.60% and a net margin of 50.90%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. On average, equities research analysts predict that Chimera Investment Co. will post $2.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.39%. The ex-dividend date of this dividend is Wednesday, June 28th. Chimera Investment’s dividend payout ratio (DPR) is presently 84.75%.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Wells Fargo & Co upgraded shares of Chimera Investment from an “underperform” rating to a “market perform” rating in a research report on Thursday, February 16th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.42.
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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