LSV Asset Management Buys 103,900 Shares of Chimera Investment Corporation $CIM

LSV Asset Management lifted its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,523,435 shares of the real estate investment trust’s stock after purchasing an additional 103,900 shares during the quarter. LSV Asset Management owned 1.88% of Chimera Investment worth $21,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its position in Chimera Investment by 6.1% during the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,143 shares during the period. Creative Planning raised its position in shares of Chimera Investment by 82.3% in the 2nd quarter. Creative Planning now owns 21,766 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 9,828 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Chimera Investment by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,915,000 shares of the real estate investment trust’s stock valued at $26,564,000 after buying an additional 33,699 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Chimera Investment during the 2nd quarter worth approximately $481,000. Finally, Fox Run Management L.L.C. boosted 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. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CIM. Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group lowered their price target on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.25.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $11.87 on Wednesday. Chimera Investment Corporation has a one year low of $9.85 and a one year high of $15.37. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The company has a market cap of $986.59 million, a price-to-earnings ratio of 9.42 and a beta of 1.87. The firm has a 50 day simple moving average of $13.06 and a 200 day simple moving average of $13.48.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The company had revenue of ($60.05) million during the quarter. Research analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.37 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.48 annualized dividend and a yield of 12.5%. Chimera Investment’s dividend payout ratio (DPR) is currently -370.00%.

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.