Motiv8 Investments LLC Takes Position in Chimera Investment Corporation (NYSE:CIM)

Motiv8 Investments LLC purchased a new stake in Chimera Investment Corporation (NYSE:CIM) in the 1st quarter, HoldingsChannel reports. The fund purchased 10,195 shares of the real estate investment trust’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP increased its position in shares of Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,062 shares in the last quarter. GAMMA Investing LLC boosted its stake in Chimera Investment by 8,728.6% during the 1st quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 3,666 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Chimera Investment during the 4th quarter valued at about $56,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Chimera Investment in the fourth quarter worth approximately $65,000. Finally, Summit Securities Group LLC bought a new position in shares of Chimera Investment in the fourth quarter valued at approximately $111,000. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CIM shares. UBS Group raised Chimera Investment from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.50 to $15.00 in a research report on Wednesday, May 14th. Wall Street Zen upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada upgraded Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Chimera Investment Trading Down 0.1%

Shares of CIM opened at $13.90 on Thursday. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.27 and a beta of 1.75. The firm has a 50 day moving average price of $13.02 and a 200-day moving average price of $13.50. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.70 and a current ratio of 3.70.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The business had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. As a group, equities research analysts forecast that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.65%. The ex-dividend date of this dividend is Monday, June 30th. Chimera Investment’s dividend payout ratio is presently 98.67%.

Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.