Chimera Investment Corporation $CIM Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its position in Chimera Investment Corporation (NYSE:CIM) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,268,481 shares of the real estate investment trust’s stock after purchasing an additional 249,127 shares during the quarter. Chimera Investment comprises approximately 0.8% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 28th largest position. Thornburg Investment Management Inc. owned about 0.06% of Chimera Investment worth $65,487,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC grew its holdings in Chimera Investment by 64.3% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 936 shares in the last quarter. GAMMA Investing LLC grew its holdings in Chimera Investment by 864.7% in the 4th quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,862 shares in the last quarter. IFP Advisors Inc grew its holdings in Chimera Investment by 1,211.4% in the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Chimera Investment by 92.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,857 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Stock Performance

NYSE CIM opened at $13.36 on Monday. The stock has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $13.11. Chimera Investment Corporation has a twelve month low of $11.67 and a twelve month high of $14.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.31. The stock has a market cap of $1.12 billion, a PE ratio of -16.69 and a beta of 1.68.

Chimera Investment (NYSE:CIM) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The firm had revenue of $32.37 million for the quarter, compared to analyst estimates of $102.35 million.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 13.5%. Chimera Investment’s dividend payout ratio is presently -225.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CIM shares. Weiss Ratings cut Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $14.00 target price on shares of Chimera Investment in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chimera Investment presently has a consensus rating of “Hold” and an average target price of $14.83.

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.