Renaissance Technologies LLC Makes New $545,000 Investment in Chimera Investment Corporation $CIM

Renaissance Technologies LLC purchased a new stake in Chimera Investment Corporation (NYSE:CIM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,453 shares of the real estate investment trust’s stock, valued at approximately $545,000. Renaissance Technologies LLC owned approximately 0.05% of Chimera Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Chimera Investment by 1,211.4% in the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 5,742 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 3,423 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,857 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Chimera Investment in the 4th quarter valued at $105,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Chimera Investment in the 4th quarter worth about $129,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CIM shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $14.00 price objective on shares of Chimera Investment in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings lowered shares of Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Trading Down 0.3%

NYSE:CIM opened at $11.76 on Tuesday. The stock has a market cap of $984.43 million, a PE ratio of -11.53 and a beta of 1.67. Chimera Investment Corporation has a fifty-two week low of $11.46 and a fifty-two week high of $14.88. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50-day moving average is $12.84 and its two-hundred day moving average is $13.10.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The company had revenue of $94.77 million during the quarter, compared to analysts’ expectations of $95.30 million. Chimera Investment had a return on equity of 9.82% and a net margin of 0.14%.

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.45 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 15.3%. Chimera Investment’s dividend payout ratio is presently -176.47%.

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.