Segall Bryant & Hamill LLC Purchases Shares of 70,509 Chimera Investment Corporation $CIM

Segall Bryant & Hamill LLC purchased a new position in shares of Chimera Investment Corporation (NYSE:CIM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 70,509 shares of the real estate investment trust’s stock, valued at approximately $885,000.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. grew its stake in shares of Chimera Investment by 1.5% in the fourth quarter. Harbour Investments Inc. now owns 68,905 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 994 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Chimera Investment by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,143 shares during the period. ProShare Advisors LLC grew its position in shares of Chimera Investment by 9.8% in the 4th quarter. ProShare Advisors LLC now owns 14,952 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 1,335 shares during the period. Intech Investment Management LLC increased its stake in shares of Chimera Investment by 4.5% during the 3rd quarter. Intech Investment Management LLC now owns 33,098 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Chimera Investment by 1.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 134,688 shares of the real estate investment trust’s stock valued at $1,674,000 after purchasing an additional 1,930 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CIM shares. Weiss Ratings cut Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 target price on shares of Chimera Investment in a report on Wednesday, June 3rd. Finally, Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chimera Investment has an average rating of “Hold” and a consensus target price of $14.75.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $991.12 million, a price-to-earnings ratio of -14.81 and a beta of 1.67. The stock’s fifty day moving average price is $13.08 and its two-hundred day moving average price is $13.16. Chimera Investment Corporation has a one year low of $11.46 and a one year high of $14.88.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The firm had revenue of $94.77 million for the quarter, compared to analyst estimates of $95.30 million. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.45 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 15.2%. Chimera Investment’s payout ratio is -225.00%.

Chimera Investment Profile

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.