Chimera Investment Corporation $CIM Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its holdings in Chimera Investment Corporation (NYSE:CIM) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,019,354 shares of the real estate investment trust’s stock after buying an additional 70,619 shares during the quarter. Chimera Investment makes up about 0.9% of Thornburg Investment Management Inc.’s holdings, making the stock its 27th largest position. Thornburg Investment Management Inc. owned 6.19% of Chimera Investment worth $66,356,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Fox Run Management L.L.C. raised its position in shares of Chimera Investment by 100.6% during the 2nd quarter. Fox Run Management L.L.C. now owns 42,789 shares of the real estate investment trust’s stock worth $593,000 after acquiring an additional 21,462 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Chimera Investment by 206.1% in the second quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock valued at $10,566,000 after purchasing an additional 512,909 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Chimera Investment by 21.7% in the third quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock valued at $22,095,000 after purchasing an additional 297,709 shares during the last quarter. CWM LLC raised its holdings in Chimera Investment by 508.4% during the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 4,342 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Chimera Investment during the second quarter worth approximately $481,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CIM. Wall Street Zen downgraded shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded shares of Chimera Investment from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, February 20th. Royal Bank Of Canada lowered Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Tuesday, December 9th. Finally, UBS Group reduced their target price on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Chimera Investment has a consensus rating of “Hold” and an average price target of $14.50.

Chimera Investment Stock Performance

Shares of CIM stock opened at $13.38 on Thursday. The stock has a market capitalization of $1.12 billion, a PE ratio of 7.65 and a beta of 1.84. Chimera Investment Corporation has a 52-week low of $9.85 and a 52-week high of $14.88. The stock’s 50-day moving average price is $12.95 and its 200 day moving average price is $13.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 2.71.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $72.01 million during the quarter, compared to analysts’ expectations of $80.77 million. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%. As a group, equities research analysts forecast that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.80 annualized dividend and a yield of 13.5%. This is an increase from Chimera Investment’s previous quarterly dividend of $0.37. Chimera Investment’s dividend payout ratio is presently 84.57%.

About Chimera Investment

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.