UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Chimera Investment Corporation (NYSE:CIM – Free Report) by 20,243.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 145,661 shares of the real estate investment trust’s stock after buying an additional 144,945 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Chimera Investment were worth $1,943,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Hsbc Holdings PLC purchased a new position in Chimera Investment during the 2nd quarter worth $650,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Chimera Investment in the second quarter valued at about $60,000. BlackRock Inc. raised its holdings in shares of Chimera Investment by 9.5% in the second quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock valued at $104,787,000 after purchasing an additional 681,996 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Chimera Investment by 19.2% in the second quarter. Deutsche Bank AG now owns 90,832 shares of the real estate investment trust’s stock valued at $1,212,000 after purchasing an additional 14,646 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Chimera Investment during the second quarter valued at about $940,000. 48.44% of the stock is currently owned by institutional investors.
Chimera Investment Trading Down 0.4%
NYSE CIM opened at $11.13 on Friday. The business’s fifty day moving average is $12.14 and its 200-day moving average is $12.90. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $932.13 million, a price-to-earnings ratio of -10.92 and a beta of 1.66. Chimera Investment Corporation has a one year low of $11.06 and a one year high of $14.40.
Analyst Ratings Changes
CIM has been the topic of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $14.00 price target on shares of Chimera Investment in a report on Wednesday, June 3rd. Weiss Ratings raised shares of Chimera Investment from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods cut their target price on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chimera Investment has a consensus rating of “Hold” and a consensus target price of $14.50.
View Our Latest Stock Analysis on CIM
About Chimera Investment
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.
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