Ramsey Quantitative Systems bought a new position in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,331 shares of the real estate investment trust’s stock, valued at approximately $238,000.
Other hedge funds also recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the 4th quarter valued at about $80,000. Capital Investment Advisory Services LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the 4th quarter valued at about $100,000. First Hawaiian Bank purchased a new stake in CHIMERA INVT CO/SH NEW during the 3rd quarter valued at about $120,000. Tower Research Capital LLC TRC purchased a new stake in CHIMERA INVT CO/SH NEW during the 3rd quarter valued at about $126,000. Finally, National Asset Management Inc. purchased a new stake in CHIMERA INVT CO/SH NEW during the 3rd quarter valued at about $189,000. 47.57% of the stock is owned by institutional investors and hedge funds.
NYSE:CIM opened at $18.52 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.91 and a beta of 0.58. CHIMERA INVT CO/SH NEW has a 1-year low of $16.68 and a 1-year high of $19.32.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 10.80%. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.
Several brokerages recently issued reports on CIM. Zacks Investment Research raised shares of CHIMERA INVT CO/SH NEW from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Friday. Deutsche Bank cut shares of CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. CHIMERA INVT CO/SH NEW presently has an average rating of “Buy” and a consensus target price of $19.83.
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CHIMERA INVT CO/SH NEW 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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