Motiv8 Investments LLC Boosts Stock Position in Chimera Investment Corporation $CIM

Motiv8 Investments LLC raised its position in Chimera Investment Corporation (NYSE:CIM) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,747 shares of the real estate investment trust’s stock after acquiring an additional 1,552 shares during the quarter. Motiv8 Investments LLC’s holdings in Chimera Investment were worth $163,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC raised its position in Chimera Investment by 8,728.6% in the 1st quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,666 shares in the last quarter. Sigma Planning Corp acquired a new stake in Chimera Investment in the first quarter valued at approximately $131,000. Investment Partners Asset Management Inc. lifted its stake in Chimera Investment by 10.2% in the first quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 1,338 shares during the last quarter. Strs Ohio acquired a new position in Chimera Investment during the 1st quarter worth approximately $194,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Chimera Investment in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

CIM opened at $13.39 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.63 and a beta of 1.85. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $16.27. The business’s 50 day moving average is $13.84 and its two-hundred day moving average is $13.32. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The business had revenue of $66.01 million for the quarter, compared to analysts’ expectations of $83.89 million. On average, research analysts predict that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Tuesday, September 30th. Chimera Investment’s payout ratio is presently 117.46%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group increased their target price on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods cut their target price on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, July 10th. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Chimera Investment in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.50.

Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.