Twin Capital Management Inc. increased its stake in Chimera Investment Corporation (NYSE:CIM) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,110 shares of the real estate investment trust’s stock after buying an additional 11,500 shares during the period. Twin Capital Management Inc. owned 0.07% of Chimera Investment Corporation worth $2,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Chimera Investment Corporation by 9.4% in the first quarter. First Trust Advisors LP now owns 1,242,685 shares of the real estate investment trust’s stock valued at $25,077,000 after buying an additional 107,192 shares in the last quarter. LSV Asset Management raised its position in shares of Chimera Investment Corporation by 49.6% in the first quarter. LSV Asset Management now owns 2,247,147 shares of the real estate investment trust’s stock valued at $45,347,000 after buying an additional 744,848 shares in the last quarter. Tyers Asset Management LLC raised its position in shares of Chimera Investment Corporation 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 in the last quarter. Geneva Advisors LLC raised its position in shares of Chimera Investment Corporation 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 in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Chimera Investment Corporation during the first quarter valued at about $2,337,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Corporation (NYSE:CIM) opened at 19.10 on Friday. The stock has a 50 day moving average price of $18.80 and a 200 day moving average price of $19.13. Chimera Investment Corporation has a 52-week low of $14.70 and a 52-week high of $20.90. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 5.49 and a beta of 0.94.

Chimera Investment Corporation (NYSE:CIM) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by $0.03. Chimera Investment Corporation had a return on equity of 14.27% and a net margin of 63.94%. The firm had revenue of $150.70 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same period in the prior year, the firm posted $0.51 earnings per share. Chimera Investment Corporation’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Chimera Investment Corporation will post $2.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.47%. Chimera Investment Corporation’s dividend payout ratio is presently 57.31%.

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Several brokerages recently issued reports on CIM. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Deutsche Bank AG lifted their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC set a $17.00 price objective on Chimera Investment Corporation and gave the stock a “hold” rating in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.88.

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.

Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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