Chimera Investment Corporation $CIM Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in Chimera Investment Corporation (NYSE:CIM) by 9.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,373,609 shares of the real estate investment trust’s stock after purchasing an additional 114,200 shares during the period. Allianz Asset Management GmbH owned about 1.70% of Chimera Investment worth $19,052,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew 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 valued at $48,000 after purchasing an additional 3,666 shares during the last quarter. CWM LLC grew its holdings in Chimera Investment by 508.4% in the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 4,342 shares during the last quarter. Sigma Planning Corp acquired a new stake in Chimera Investment in the first quarter valued at $131,000. Motiv8 Investments LLC purchased a new stake in shares of Chimera Investment in the first quarter valued at $131,000. Finally, Strs Ohio purchased a new stake in shares of Chimera Investment in the first quarter valued at $194,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Chimera Investment stock opened at $12.71 on Monday. The stock’s 50-day moving average is $13.71 and its 200-day moving average is $13.30. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 10.09 and a beta of 1.85. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. Chimera Investment Corporation has a 12 month low of $9.85 and a 12 month high of $16.27.

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

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.6%. Chimera Investment’s dividend payout ratio (DPR) is 117.46%.

Analysts Set New Price Targets

CIM has been the topic of several recent research reports. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group upped their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods reduced 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chimera Investment in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.