Royal Bank of Canada lifted its position in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,112 shares of the real estate investment trust’s stock after purchasing an additional 4,462 shares during the quarter. Royal Bank of Canada’s holdings in CHIMERA INVT CO/SH NEW were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in CHIMERA INVT CO/SH NEW by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,509,398 shares of the real estate investment trust’s stock valued at $330,402,000 after buying an additional 182,507 shares in the last quarter. LSV Asset Management boosted its stake in CHIMERA INVT CO/SH NEW by 22.9% in the 2nd quarter. LSV Asset Management now owns 3,704,310 shares of the real estate investment trust’s stock valued at $69,900,000 after buying an additional 689,440 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CHIMERA INVT CO/SH NEW by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,729,107 shares of the real estate investment trust’s stock valued at $32,629,000 after buying an additional 8,492 shares in the last quarter. FMR LLC boosted its stake in CHIMERA INVT CO/SH NEW by 0.3% in the 1st quarter. FMR LLC now owns 1,468,559 shares of the real estate investment trust’s stock valued at $27,521,000 after buying an additional 3,947 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in CHIMERA INVT CO/SH NEW by 4.7% in the 1st quarter. First Trust Advisors LP now owns 1,150,050 shares of the real estate investment trust’s stock valued at $21,552,000 after buying an additional 52,022 shares in the last quarter. 51.51% of the stock is currently owned by institutional investors.

A number of research firms have commented on CIM. Royal Bank of Canada began coverage on CHIMERA INVT CO/SH NEW in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research raised CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Credit Suisse Group lowered CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a research note on Wednesday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CHIMERA INVT CO/SH NEW currently has a consensus rating of “Hold” and a consensus target price of $20.00.

CHIMERA INVT CO/SH NEW stock traded up $0.02 on Wednesday, reaching $20.40. The company’s stock had a trading volume of 306,553 shares, compared to its average volume of 1,360,996. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 8.72 and a beta of 0.58. The business’s fifty day moving average price is $19.77 and its 200 day moving average price is $19.24. CHIMERA INVT CO/SH NEW has a twelve month low of $16.88 and a twelve month high of $20.54.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $141.80 million for the quarter, compared to the consensus estimate of $157.07 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.51% and a net margin of 16.96%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, equities analysts forecast that CHIMERA INVT CO/SH NEW will post 2.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.81%. CHIMERA INVT CO/SH NEW’s payout ratio is currently 85.47%.

CHIMERA INVT CO/SH NEW Company Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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