California Public Employees Retirement System Increases Stock Position in CHIMERA INVT CO/SH NEW (NYSE:CIM)

Share on StockTwits

California Public Employees Retirement System grew its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 40.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 454,216 shares of the real estate investment trust’s stock after acquiring an additional 130,023 shares during the quarter. California Public Employees Retirement System’s holdings in CHIMERA INVT CO/SH NEW were worth $8,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CIM. NFC Investments LLC purchased a new stake in shares of CHIMERA INVT CO/SH NEW during the 2nd quarter valued at about $18,440,000. LSV Asset Management boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 22.9% in the second quarter. LSV Asset Management now owns 3,704,310 shares of the real estate investment trust’s stock worth $69,900,000 after buying an additional 689,440 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 100.0% in the second quarter. Nuveen Asset Management LLC now owns 812,488 shares of the real estate investment trust’s stock worth $15,331,000 after buying an additional 406,195 shares during the last quarter. Capital Advisors Inc. OK boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 316.9% in the second quarter. Capital Advisors Inc. OK now owns 485,464 shares of the real estate investment trust’s stock worth $9,161,000 after buying an additional 369,006 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 1.1% in the second quarter. Vanguard Group Inc. now owns 17,509,398 shares of the real estate investment trust’s stock worth $330,402,000 after buying an additional 182,507 shares during the last quarter. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

CIM has been the topic of a number of research reports. Zacks Investment Research raised shares of CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada initiated coverage on shares of CHIMERA INVT CO/SH NEW in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Credit Suisse Group downgraded shares of CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a report on Wednesday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.38.

CIM opened at $20.20 on Thursday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 1.99. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 8.63 and a beta of 0.58. The company’s 50 day moving average is $20.04 and its 200 day moving average is $19.38. CHIMERA INVT CO/SH NEW has a 12-month low of $16.88 and a 12-month high of $20.54.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The business had revenue of $141.59 million during the quarter, compared to analysts’ expectations of $142.50 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.22% and a net margin of 13.14%. During the same period in the previous year, the business posted $0.60 EPS. As a group, analysts predict that CHIMERA INVT CO/SH NEW will post 2.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date is Monday, December 30th. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.

CHIMERA INVT CO/SH NEW Company Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

See Also: Cost of equity and a company’s balance sheet

Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CHIMERA INVT CO/SH NEW (NYSE:CIM).

Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

Receive News & Ratings for CHIMERA INVT CO/SH NEW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CHIMERA INVT CO/SH NEW and related companies with MarketBeat.com's FREE daily email newsletter.