Canada Pension Plan Investment Board bought a new position in shares of Chimera Investment Corporation (NYSE:CIM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,500 shares of the real estate investment trust’s stock, valued at approximately $539,000.

Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Chimera Investment Corporation by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chimera Investment Corporation by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 485 shares during the period. Ffcm LLC boosted its holdings in shares of Chimera Investment Corporation by 99.8% during the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 4,840 shares during the period. Synovus Financial Corp boosted its holdings in shares of Chimera Investment Corporation by 3.3% during the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 326 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Chimera Investment Corporation by 3.8% during the second quarter. Wedbush Securities Inc. now owns 10,893 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 399 shares during the period. Institutional investors own 50.66% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.50 price objective on shares of Chimera Investment Corporation in a report on Friday, October 6th. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Barclays PLC set a $18.00 price objective on shares of Chimera Investment Corporation and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research lowered shares of Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.83.

Shares of Chimera Investment Corporation (CIM) opened at $18.62 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. Chimera Investment Corporation has a 1-year low of $16.43 and a 1-year high of $20.90. The company has a market cap of $3,477.70, a PE ratio of 7.78 and a beta of 0.86.

Chimera Investment Corporation (NYSE:CIM) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Chimera Investment Corporation had a net margin of 58.21% and a return on equity of 13.29%. The business had revenue of $156.46 million during the quarter, compared to analyst estimates of $150.29 million. During the same period last year, the business posted $0.68 earnings per share. Chimera Investment Corporation’s quarterly revenue was up .3% compared to the same quarter last year. equities analysts anticipate that Chimera Investment Corporation will post 2.33 EPS for the current fiscal year.

The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date is Thursday, December 28th. Chimera Investment Corporation’s dividend payout ratio is 61.35%.

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In other Chimera Investment Corporation news, insider Mohit Marria bought 6,625 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $17.89 per share, with a total value of $118,521.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.

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.

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

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