Royal Bank of Canada increased its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 42.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 29,226 shares of the real estate investment trust’s stock after acquiring an additional 8,652 shares during the period. Royal Bank of Canada’s holdings in Chimera Investment Corporation were worth $545,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CIM. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chimera Investment Corporation by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 485 shares during the last quarter. Ffcm LLC increased its holdings in shares of Chimera Investment Corporation by 99.8% during the 2nd quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 4,840 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new position in shares of Chimera Investment Corporation during the 2nd quarter valued at about $189,000. Synovus Financial Corp increased its holdings in shares of Chimera Investment Corporation by 3.3% during the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 326 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of Chimera Investment Corporation by 3.8% during the 2nd quarter. Wedbush Securities Inc. now owns 10,893 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 399 shares during the last quarter. 51.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chimera Investment Corporation (CIM) opened at $17.87 on Friday. Chimera Investment Corporation has a 52 week low of $16.01 and a 52 week high of $20.90. The firm has a market capitalization of $3,355.65, a P/E ratio of 7.51 and a beta of 0.86. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02.
Chimera Investment Corporation (NYSE:CIM) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. Chimera Investment Corporation had a return on equity of 13.29% and a net margin of 58.21%. The firm had revenue of $156.46 million during the quarter, compared to the consensus estimate of $150.29 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. equities analysts forecast that Chimera Investment Corporation will post 2.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 annualized dividend and a yield of 11.19%. Chimera Investment Corporation’s payout ratio is 61.35%.
A number of research analysts have recently commented on CIM shares. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.50 price objective on shares of Chimera Investment Corporation in a report on Friday, October 6th. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG increased their price objective on Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Barclays PLC set a $18.00 price objective on Chimera Investment Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.83.
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In other Chimera Investment Corporation news, insider Mohit Marria bought 6,625 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by corporate insiders.
Chimera Investment Corporation Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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