VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in Chimera Investment Corporation $CIM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Chimera Investment Corporation (NYSE:CIM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 165,903 shares of the real estate investment trust’s stock, valued at approximately $2,301,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.20% of Chimera Investment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CIM. GAMMA Investing LLC boosted its holdings in Chimera Investment by 8,728.6% in the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 3,666 shares in the last quarter. CWM LLC increased its position in shares of Chimera Investment by 508.4% during the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 4,342 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Chimera Investment during the first quarter valued at approximately $131,000. Sigma Planning Corp purchased a new stake in Chimera Investment in the first quarter worth $131,000. Finally, Strs Ohio purchased a new stake in Chimera Investment in the first quarter worth $194,000. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Price Performance

Shares of CIM opened at $12.82 on Wednesday. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 4.47. The firm has a market cap of $1.04 billion, a PE ratio of 10.17 and a beta of 1.85. Chimera Investment Corporation has a 1-year low of $9.85 and a 1-year high of $15.97. The firm has a fifty day simple moving average of $13.69 and a two-hundred day simple moving average of $13.31.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Monday, March 6th. The real estate investment trust reported $0.46 EPS for the quarter. The firm had revenue of ($60.05) million during the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. On average, equities analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.5%. Chimera Investment’s dividend payout ratio (DPR) is presently 117.46%.

Analysts Set New Price Targets

CIM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a report on Wednesday, October 8th. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group lifted their price objective on Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods cut their price objective 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.