Strs Ohio acquired a new position in shares of CHIMERA Invt Co/SH NEW (NYSE:CIM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,699 shares of the real estate investment trust’s stock, valued at approximately $524,000.
Several other hedge funds and other institutional investors have also bought and sold shares of CIM. Thornburg Investment Management Inc. lifted its position in shares of CHIMERA Invt Co/SH NEW by 42.1% during the 1st quarter. Thornburg Investment Management Inc. now owns 6,750,000 shares of the real estate investment trust’s stock worth $117,517,000 after purchasing an additional 2,000,000 shares during the last quarter. American Century Companies Inc. increased its stake in CHIMERA Invt Co/SH NEW by 45.9% during the first quarter. American Century Companies Inc. now owns 712,300 shares of the real estate investment trust’s stock valued at $12,401,000 after acquiring an additional 224,146 shares during the period. Matarin Capital Management LLC bought a new position in CHIMERA Invt Co/SH NEW during the first quarter valued at about $3,859,000. Wells Fargo & Company MN increased its stake in CHIMERA Invt Co/SH NEW by 19.2% during the first quarter. Wells Fargo & Company MN now owns 1,300,895 shares of the real estate investment trust’s stock valued at $22,648,000 after acquiring an additional 209,573 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in CHIMERA Invt Co/SH NEW by 3,752.9% during the first quarter. BNP Paribas Arbitrage SA now owns 117,358 shares of the real estate investment trust’s stock valued at $2,043,000 after acquiring an additional 114,312 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.
Shares of CIM opened at $19.04 on Friday. CHIMERA Invt Co/SH NEW has a 12-month low of $15.77 and a 12-month high of $19.77. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market cap of $3.53 billion, a P/E ratio of 8.14 and a beta of 0.56.
CHIMERA Invt Co/SH NEW (NYSE:CIM) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. CHIMERA Invt Co/SH NEW had a return on equity of 12.60% and a net margin of 50.23%. The firm had revenue of $145.17 million for the quarter, compared to analyst estimates of $146.90 million. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. analysts anticipate that CHIMERA Invt Co/SH NEW will post 2.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a yield of 10.50%. CHIMERA Invt Co/SH NEW’s dividend payout ratio is 85.47%.
CIM has been the topic of several research reports. Zacks Investment Research lowered CHIMERA Invt Co/SH NEW from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Deutsche Bank lowered CHIMERA Invt Co/SH NEW from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada initiated coverage on CHIMERA Invt Co/SH NEW in a research note on Friday, June 15th. They set an “outperform” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.00.
CHIMERA Invt Co/SH NEW 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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