Chimera Investment Corporation (NYSE:CIM) Shares Bought by LSV Asset Management

LSV Asset Management boosted its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 306.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,419,535 shares of the real estate investment trust’s stock after acquiring an additional 1,070,034 shares during the period. LSV Asset Management owned about 1.75% of Chimera Investment worth $18,213,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CIM. Allianz Asset Management GmbH raised its position in shares of Chimera Investment by 9.7% in the first quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust’s stock valued at $16,158,000 after buying an additional 111,458 shares during the last quarter. Northern Trust Corp raised its position in shares of Chimera Investment by 9.6% in the fourth quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust’s stock valued at $11,212,000 after buying an additional 70,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Chimera Investment by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,228 shares of the real estate investment trust’s stock valued at $10,881,000 after buying an additional 69,032 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Chimera Investment by 17.8% in the fourth quarter. Two Sigma Investments LP now owns 514,470 shares of the real estate investment trust’s stock valued at $7,203,000 after buying an additional 77,835 shares during the last quarter. Finally, Callodine Capital Management LP raised its position in shares of Chimera Investment by 9.8% in the fourth quarter. Callodine Capital Management LP now owns 450,000 shares of the real estate investment trust’s stock valued at $6,300,000 after buying an additional 40,000 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Trading Up 1.5%

Shares of CIM opened at $13.64 on Tuesday. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93. Chimera Investment Corporation has a 12-month low of $9.85 and a 12-month high of $16.89. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $13.41. The firm has a market capitalization of $1.10 billion, a P/E ratio of 9.09 and a beta of 1.79.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The firm had revenue of $69.22 million during the quarter, compared to analyst estimates of $72.07 million. Sell-side analysts forecast that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Monday, June 30th. Chimera Investment’s dividend payout ratio (DPR) is 98.67%.

Wall Street Analysts Forecast Growth

CIM has been the subject of a number of recent research reports. UBS Group increased their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.50.

Chimera Investment Company 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.