Allianz Asset Management GmbH Grows Stock Position in Chimera Investment Corporation $CIM

Allianz Asset Management GmbH increased its holdings in Chimera Investment Corporation (NYSE:CIM) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,671,318 shares of the real estate investment trust’s stock after buying an additional 297,709 shares during the quarter. Allianz Asset Management GmbH owned 2.06% of Chimera Investment worth $22,095,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Chimera Investment in the third quarter worth approximately $54,000. CWM LLC increased its stake in shares of Chimera Investment by 508.4% in the 2nd quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 4,342 shares in the last quarter. Tower Research Capital LLC TRC raised 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 worth $99,000 after purchasing an additional 3,423 shares during the period. BNP Paribas Financial Markets lifted its position in Chimera Investment by 59.2% during the second quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,857 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new stake in Chimera Investment during the second quarter valued at about $140,000. 48.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Chimera Investment in a research note on Monday, December 29th. UBS Group dropped their price target on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada cut shares of Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective for the company. in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.50.

Chimera Investment Stock Up 0.2%

Shares of NYSE CIM opened at $12.38 on Friday. The company has a current ratio of 8.22, a quick ratio of 8.22 and a debt-to-equity ratio of 4.75. Chimera Investment Corporation has a 12-month low of $9.85 and a 12-month high of $15.29. The firm’s 50-day moving average price is $12.81 and its 200-day moving average price is $13.14. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -30.95 and a beta of 1.84.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). The company had revenue of $16.49 million for the quarter, compared to the consensus estimate of $84.51 million. Chimera Investment had a return on equity of 7.36% and a net margin of 4.27%. On average, equities research analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.0%. Chimera Investment’s dividend payout ratio is currently -370.00%.

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.