Moors & Cabot Inc. purchased a new stake in CHIMERA INVT CO/SH NEW (NYSE:CIM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,000 shares of the real estate investment trust’s stock, valued at approximately $224,000.
Other large investors have also recently made changes to their positions in the company. Strategic Wealth Advisors Group LLC boosted its holdings in CHIMERA INVT CO/SH NEW by 25.6% in the 4th quarter. Strategic Wealth Advisors Group LLC now owns 67,520 shares of the real estate investment trust’s stock valued at $1,235,000 after purchasing an additional 13,766 shares during the period. Thornburg Investment Management Inc. boosted its holdings in CHIMERA INVT CO/SH NEW by 9.5% in the 4th quarter. Thornburg Investment Management Inc. now owns 8,900,000 shares of the real estate investment trust’s stock valued at $158,598,000 after purchasing an additional 775,000 shares during the period. LSV Asset Management lifted its holdings in shares of CHIMERA INVT CO/SH NEW by 10.9% during the 4th quarter. LSV Asset Management now owns 2,904,570 shares of the real estate investment trust’s stock worth $51,759,000 after acquiring an additional 285,085 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of CHIMERA INVT CO/SH NEW by 15.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 21,590 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 2,949 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CHIMERA INVT CO/SH NEW during the 4th quarter worth $38,125,000. 48.76% of the stock is owned by hedge funds and other institutional investors.
NYSE CIM opened at $18.82 on Friday. CHIMERA INVT CO/SH NEW has a 52-week low of $16.88 and a 52-week high of $19.42. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.09. The firm has a market cap of $3.52 billion, a PE ratio of 8.04 and a beta of 0.56.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). CHIMERA INVT CO/SH NEW had a return on equity of 12.59% and a net margin of 21.84%. The company had revenue of $147.44 million for the quarter, compared to the consensus estimate of $151.69 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s revenue was down .3% on a year-over-year basis. On average, equities analysts expect that CHIMERA INVT CO/SH NEW will post 2.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date of this dividend is Thursday, June 27th. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.
A number of research firms have recently issued reports on CIM. Zacks Investment Research raised shares of CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Nomura began coverage on shares of CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Deutsche Bank downgraded shares of CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.88.
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CHIMERA INVT CO/SH NEW Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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