Segall Bryant & Hamill LLC purchased a new position in shares of Chimera Investment Corporation (NYSE:CIM – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 70,509 shares of the real estate investment trust’s stock, valued at approximately $885,000. Segall Bryant & Hamill LLC owned 0.08% of Chimera Investment at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Dynamic Technology Lab Private Ltd increased its stake in Chimera Investment by 36.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,568 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 4,399 shares in the last quarter. Empowered Funds LLC lifted its stake in Chimera Investment by 12.9% in the first quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 2,430 shares in the last quarter. Creative Planning boosted its holdings in shares of Chimera Investment by 82.3% in the second quarter. Creative Planning now owns 21,766 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 9,828 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Chimera Investment by 6.1% in the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 1,143 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Chimera Investment by 42.6% during the second quarter. JPMorgan Chase & Co. now owns 246,471 shares of the real estate investment trust’s stock worth $3,419,000 after acquiring an additional 73,634 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CIM. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $14.00 target price on shares of Chimera Investment in a report on Wednesday, June 3rd. Finally, Weiss Ratings downgraded Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.75.
Chimera Investment Price Performance
Shares of CIM opened at $11.85 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.31. Chimera Investment Corporation has a twelve month low of $11.46 and a twelve month high of $14.88. The stock has a market capitalization of $991.12 million, a P/E ratio of -14.81 and a beta of 1.67. The company has a 50 day moving average of $13.08 and a 200-day moving average of $13.16.
Chimera Investment (NYSE:CIM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The business had revenue of $94.77 million during the quarter, compared to the consensus estimate of $95.30 million.
Chimera Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 15.2%. Chimera Investment’s payout ratio is -225.00%.
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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