Private Advisor Group LLC purchased a new position in shares of Chimera Investment Corporation (NYSE:CIM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,357 shares of the real estate investment trust’s stock, valued at approximately $196,000.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Chimera Investment 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 acquiring an additional 341 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Chimera Investment in the third quarter worth approximately $145,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chimera Investment by 6.2% in 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 last quarter. Ffcm LLC grew its holdings in shares of Chimera Investment by 99.8% in 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 last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Chimera Investment by 3.3% in 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 last quarter. 50.73% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on CIM shares. ValuEngine upgraded shares of Chimera Investment 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 target price on shares of Chimera Investment in a report on Friday, October 6th. Finally, Barclays set a $18.00 target price on shares of Chimera Investment and gave the stock a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chimera Investment presently has a consensus rating of “Hold” and an average target price of $18.83.

In related news, insider Mohit Marria purchased 6,625 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Chimera Investment Corporation (CIM) opened at $19.15 on Friday. 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 fifty-two week low of $16.67 and a fifty-two week high of $20.90. The stock has a market cap of $3,547.18, a P/E ratio of 7.94 and a beta of 0.85.

Chimera Investment (NYSE:CIM) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The firm had revenue of $156.46 million for the quarter, compared to analysts’ expectations of $150.29 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue was up .3% on a year-over-year basis. research analysts forecast that Chimera Investment Corporation will post 2.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.44%. The ex-dividend date is Thursday, December 28th. Chimera Investment’s dividend payout ratio (DPR) is currently 61.35%.

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

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