Chimera Investment Corporation $CIM Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Chimera Investment Corporation (NYSE:CIM) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,651,505 shares of the real estate investment trust’s stock after purchasing an additional 208,112 shares during the period. Vanguard Group Inc. owned about 0.09% of Chimera Investment worth $95,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CIM. Dynamic Technology Lab Private Ltd increased its holdings in shares of Chimera Investment by 36.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,568 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 4,399 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Chimera Investment by 12.9% in the 1st quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 2,430 shares during the last quarter. Creative Planning grew its stake in shares of Chimera Investment by 82.3% in the 2nd quarter. Creative Planning now owns 21,766 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 9,828 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Chimera Investment by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 1,143 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Chimera Investment by 42.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 246,471 shares of the real estate investment trust’s stock valued at $3,419,000 after buying an additional 73,634 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen cut Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings raised Chimera Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chimera Investment has a consensus rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $13.31 on Thursday. The company has a market cap of $1.11 billion, a P/E ratio of -16.63 and a beta of 1.71. The company has a quick ratio of 0.06, a current ratio of 0.08 and a debt-to-equity ratio of 2.31. Chimera Investment Corporation has a 52 week low of $11.67 and a 52 week high of $14.88. The business has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $12.97.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The business had revenue of $32.37 million during the quarter, compared to the consensus estimate of $102.35 million.

Chimera Investment Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.