Chimera Investment Corporation (CIM) Position Increased by IFC Holdings Incorporated FL
IFC Holdings Incorporated FL raised its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,776 shares of the real estate investment trust’s stock after buying an additional 1,938 shares during the period. IFC Holdings Incorporated FL’s holdings in Chimera Investment Corporation were worth $347,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Chimera Investment Corporation by 80.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,869 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 3,519 shares during the period. Winslow Evans & Crocker Inc. acquired a new position in shares of Chimera Investment Corporation during the second quarter valued at about $189,000. Sit Investment Associates Inc. raised its position in shares of Chimera Investment Corporation by 143.6% in the first quarter. Sit Investment Associates Inc. now owns 9,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,600 shares during the period. Snow Capital Management LP acquired a new position in shares of Chimera Investment Corporation during the first quarter valued at about $201,000. Finally, National Asset Management Inc. acquired a new position in shares of Chimera Investment Corporation during the first quarter valued at about $217,000. Institutional investors and hedge funds own 53.28% of the company’s stock.
Shares of Chimera Investment Corporation (NYSE:CIM) opened at 19.00 on Tuesday. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 5.46 and a beta of 0.94. The company has a 50 day moving average price of $18.79 and a 200-day moving average price of $19.07.
Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.03. The firm had revenue of $150.70 million for the quarter, compared to analyst estimates of $149.75 million. Chimera Investment Corporation had a return on equity of 14.27% and a net margin of 63.94%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. Equities analysts predict that Chimera Investment Corporation will post $2.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.53%. Chimera Investment Corporation’s dividend payout ratio is currently 57.31%.
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Several research analysts have issued reports on the company. BidaskClub lowered Chimera Investment Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Barclays PLC set a $17.00 target price on Chimera Investment Corporation and gave the company a “hold” rating in a research report on Monday, May 8th. Deutsche Bank AG boosted their target price on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.88.
Chimera Investment Corporation 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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