Two Sigma Investments LP acquired a new stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) in the 1st quarter, Holdings Channel.com reports. The fund acquired 20,659 shares of the real estate investment trust’s stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIM. Norges Bank purchased a new stake in shares of CHIMERA INVT CO/SH NEW during the 4th quarter worth approximately $45,140,000. Bessemer Group Inc. purchased a new stake in CHIMERA INVT CO/SH NEW during the first quarter valued at $9,242,000. Acadian Asset Management LLC lifted its position in CHIMERA INVT CO/SH NEW by 373.3% during the first quarter. Acadian Asset Management LLC now owns 536,269 shares of the real estate investment trust’s stock valued at $4,880,000 after purchasing an additional 422,956 shares during the last quarter. State Street Corp grew its stake in shares of CHIMERA INVT CO/SH NEW by 10.0% in the 1st quarter. State Street Corp now owns 3,608,282 shares of the real estate investment trust’s stock worth $34,587,000 after buying an additional 329,268 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in shares of CHIMERA INVT CO/SH NEW in the 1st quarter worth about $2,715,000. Institutional investors and hedge funds own 45.54% of the company’s stock.
NYSE:CIM opened at $9.61 on Wednesday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $14.62. CHIMERA INVT CO/SH NEW has a one year low of $6.42 and a one year high of $22.99. The firm has a market cap of $1.88 billion, a P/E ratio of 4.38 and a beta of 0.91.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, June 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $1.20 annualized dividend and a yield of 12.49%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is presently 53.33%.
Several research analysts recently commented on CIM shares. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “strong sell” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Monday, June 8th. Royal Bank of Canada cut their target price on CHIMERA INVT CO/SH NEW from $23.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. TheStreet lowered shares of CHIMERA INVT CO/SH NEW from a “c-” rating to a “d” rating in a research note on Wednesday, May 6th. Nomura reissued a “buy” rating and issued a $12.00 target price on shares of CHIMERA INVT CO/SH NEW in a research note on Thursday, April 30th. Finally, ValuEngine raised shares of CHIMERA INVT CO/SH NEW from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.70.
About CHIMERA INVT CO/SH NEW
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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