Wellington Shields Capital Management LLC increased its holdings in Chimera Investment Corporation (NYSE:CIM) by 72.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,550 shares of the real estate investment trust’s stock after buying an additional 15,350 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Chimera Investment Corporation were worth $692,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Chimera Investment Corporation by 4.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 183,848 shares of the real estate investment trust’s stock worth $3,426,000 after buying an additional 8,442 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Chimera Investment Corporation in the 2nd quarter worth about $7,516,000. American Century Companies Inc. bought a new stake in Chimera Investment Corporation in the 2nd quarter worth about $2,722,000. BlackRock Inc. increased its holdings in Chimera Investment Corporation by 6.7% in the 2nd quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock worth $224,151,000 after buying an additional 758,460 shares in the last quarter. Finally, FMR LLC increased its holdings in Chimera Investment Corporation by 34.7% in the 2nd quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock worth $27,314,000 after buying an additional 377,925 shares in the last quarter. Institutional investors own 50.80% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub downgraded Chimera Investment Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC set a $18.00 price objective on Chimera Investment Corporation and gave the stock a “hold” rating in a report on Tuesday, October 10th. Deutsche Bank AG boosted their price target on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 price target on shares of Chimera Investment Corporation in a research note on Friday, October 6th. 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 given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.83.
In other news, insider Mohit Marria purchased 6,625 shares of the business’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $17.89 per share, for a total transaction of $118,521.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.
Chimera Investment Corporation (NYSE:CIM) traded up $0.16 during trading on Wednesday, hitting $18.30. The company’s stock had a trading volume of 884,600 shares, compared to its average volume of 1,353,536. The company has a market cap of $3,406.35, a P/E ratio of 7.62 and a beta of 0.86. Chimera Investment Corporation has a 1-year low of $16.04 and a 1-year high of $20.90. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.72.
Chimera Investment Corporation (NYSE:CIM) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $156.46 million during the quarter, compared to the consensus estimate of $150.29 million. Chimera Investment Corporation had a return on equity of 13.29% and a net margin of 58.21%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. equities research analysts forecast that Chimera Investment Corporation will post 2.33 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.93%. Chimera Investment Corporation’s dividend payout ratio is currently 61.35%.
About Chimera Investment Corporation
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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