Chimera Investment Corporation (CIM) Shares Bought by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership grew its stake in Chimera Investment Corporation (NYSE:CIM) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,094,299 shares of the real estate investment trust’s stock after buying an additional 211,259 shares during the period. Arrowstreet Capital Limited Partnership owned 1.65% of Chimera Investment Corporation worth $57,647,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Chimera Investment Corporation by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 14,556,082 shares of the real estate investment trust’s stock valued at $293,741,000 after buying an additional 658,674 shares in the last quarter. BlackRock Inc. boosted its stake in Chimera Investment Corporation by 6.7% during the 2nd quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock worth $224,151,000 after purchasing an additional 758,460 shares during the period. State Street Corp boosted its stake in Chimera Investment Corporation by 0.8% during the 2nd quarter. State Street Corp now owns 2,853,365 shares of the real estate investment trust’s stock worth $53,155,000 after purchasing an additional 22,781 shares during the period. Geode Capital Management LLC boosted its stake in Chimera Investment Corporation by 5.2% during the 1st quarter. Geode Capital Management LLC now owns 2,598,005 shares of the real estate investment trust’s stock worth $52,427,000 after purchasing an additional 129,234 shares during the period. Finally, LSV Asset Management boosted its stake in Chimera Investment Corporation by 5.8% during the 2nd quarter. LSV Asset Management now owns 2,376,747 shares of the real estate investment trust’s stock worth $44,278,000 after purchasing an additional 129,600 shares during the period. Institutional investors and hedge funds own 52.19% of the company’s stock.
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Shares of Chimera Investment Corporation (NYSE:CIM) traded up 0.21% during mid-day trading on Monday, reaching $18.94. 150,405 shares of the company were exchanged. Chimera Investment Corporation has a 12 month low of $14.77 and a 12 month high of $20.90. The company’s 50-day moving average is $19.08 and its 200 day moving average is $19.17. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.44 and a beta of 0.88.
Chimera Investment Corporation (NYSE:CIM) last released its quarterly earnings data 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). The business had revenue of $150.70 million during 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Analysts predict that Chimera Investment Corporation will post $2.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio is presently 57.31%.
A number of analysts recently weighed in on CIM shares. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Deutsche Bank AG increased their price target on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.50 price target on shares of Chimera Investment Corporation in a research note on Friday. Finally, ValuEngine upgraded shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.50.
Chimera Investment Corporation 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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