Motiv8 Investments LLC Purchases Shares of 10,195 Chimera Investment Corporation (NYSE:CIM)

Motiv8 Investments LLC bought a new position in shares of Chimera Investment Corporation (NYSE:CIM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,195 shares of the real estate investment trust’s stock, valued at approximately $131,000.

Other institutional investors have also made changes to their positions in the company. Quarry LP increased its position in Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,062 shares during the period. GAMMA Investing LLC increased its stake in Chimera Investment by 8,728.6% during the 1st 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 during the period. New Age Alpha Advisors LLC acquired a new position in Chimera Investment in the 4th quarter valued at $56,000. Hillsdale Investment Management Inc. bought a new stake in shares of Chimera Investment during the 4th quarter valued at $65,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Chimera Investment during the 4th quarter worth $111,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Stock Performance

Shares of Chimera Investment stock opened at $13.90 on Thursday. The company’s fifty day moving average is $13.02 and its 200 day moving average is $13.50. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.93. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.27 and a beta of 1.75. Chimera Investment Corporation has a twelve month low of $9.85 and a twelve month high of $16.89.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The firm had revenue of $69.22 million during the quarter, compared to analyst estimates of $72.07 million. Sell-side analysts forecast that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date of this dividend is Monday, June 30th. Chimera Investment’s dividend payout ratio is 98.67%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CIM shares. UBS Group upgraded shares of Chimera Investment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.50 to $15.00 in a research report on Wednesday, May 14th. Wall Street Zen upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Finally, Royal Bank Of Canada raised Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.50.

About Chimera Investment

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.