Wambolt & Associates LLC Makes New Investment in Chimera Investment Co. (NYSE:CIM)

Wambolt & Associates LLC acquired a new stake in shares of Chimera Investment Co. (NYSE:CIM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,000 shares of the real estate investment trust’s stock, valued at approximately $166,000.

Other hedge funds have also recently made changes to their positions in the company. Thornburg Investment Management Inc. raised its stake in Chimera Investment by 23.3% during the 2nd quarter. Thornburg Investment Management Inc. now owns 20,362,359 shares of the real estate investment trust’s stock valued at $306,657,000 after purchasing an additional 3,846,152 shares during the period. Capital Advisors Inc. OK purchased a new position in Chimera Investment during the first quarter valued at $15,295,000. Royal Bank of Canada increased its holdings in Chimera Investment by 4,850.3% in the 1st quarter. Royal Bank of Canada now owns 1,148,525 shares of the real estate investment trust’s stock valued at $14,586,000 after acquiring an additional 1,125,324 shares during the last quarter. BlackRock Inc. lifted its stake in Chimera Investment by 5.4% in the 2nd quarter. BlackRock Inc. now owns 20,806,200 shares of the real estate investment trust’s stock worth $313,342,000 after purchasing an additional 1,064,108 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Chimera Investment by 270.0% in the 1st quarter. JPMorgan Chase & Co. now owns 754,191 shares of the real estate investment trust’s stock worth $9,579,000 after purchasing an additional 550,363 shares in the last quarter. Hedge funds and other institutional investors own 50.71% of the company’s stock.

Shares of NYSE:CIM opened at $15.43 on Thursday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 5.23 and a beta of 0.98. Chimera Investment Co. has a 52 week low of $8.24 and a 52 week high of $15.77. The company has a quick ratio of 10.28, a current ratio of 10.28 and a debt-to-equity ratio of 3.32. The firm has a fifty day simple moving average of $15.15 and a two-hundred day simple moving average of $14.42.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The business had revenue of $172.07 million for the quarter, compared to the consensus estimate of $127.18 million. Chimera Investment had a return on equity of 11.55% and a net margin of 83.38%. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. On average, analysts expect that Chimera Investment Co. will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 28th. Investors of record on Thursday, September 30th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.32 annualized dividend and a yield of 8.55%. Chimera Investment’s payout ratio is presently 90.41%.

Separately, Zacks Investment Research downgraded Chimera Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, Chimera Investment currently has an average rating of “Hold” and a consensus price target of $13.50.

Chimera Investment Profile

Chimera Investment Corp. operates as a real estate investment trust. It is engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.

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

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