California State Teachers Retirement System cut its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 294,693 shares of the real estate investment trust’s stock after selling 6,849 shares during the quarter. California State Teachers Retirement System’s holdings in CHIMERA INVT CO/SH NEW were worth $5,523,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Synovus Financial Corp grew its stake in CHIMERA INVT CO/SH NEW by 4.2% during the 1st quarter. Synovus Financial Corp now owns 16,481 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 659 shares in the last quarter. First Trust Advisors LP boosted its holdings in CHIMERA INVT CO/SH NEW by 4.7% in the 1st quarter. First Trust Advisors LP now owns 1,150,050 shares of the real estate investment trust’s stock valued at $21,552,000 after purchasing an additional 52,022 shares during the last quarter. Martingale Asset Management L P boosted its holdings in CHIMERA INVT CO/SH NEW by 10.9% in the 1st quarter. Martingale Asset Management L P now owns 612,273 shares of the real estate investment trust’s stock valued at $11,476,000 after purchasing an additional 60,319 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in CHIMERA INVT CO/SH NEW in the 1st quarter valued at about $101,000. Finally, Barings LLC boosted its holdings in CHIMERA INVT CO/SH NEW by 42.2% in the 1st quarter. Barings LLC now owns 27,620 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 8,200 shares during the last quarter. 52.03% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on CIM shares. Nomura started coverage on shares of CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research lowered shares of CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, Deutsche Bank lowered 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 assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.88.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). The company had revenue of $147.44 million during the quarter, compared to analyst estimates of $151.69 million. CHIMERA INVT CO/SH NEW had a net margin of 21.84% and a return on equity of 12.59%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. As a group, research analysts expect that CHIMERA INVT CO/SH NEW will post 2.2 EPS for the current year.
The company also recently declared 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. The ex-dividend date is Thursday, June 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.62%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is presently 85.47%.
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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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