Great Valley Advisor Group Inc. increased its position in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 5.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,490 shares of the real estate investment trust’s stock after purchasing an additional 854 shares during the period. Great Valley Advisor Group Inc.’s holdings in CHIMERA INVT CO/SH NEW were worth $290,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Enlightenment Research LLC bought a new stake in shares of CHIMERA INVT CO/SH NEW during the fourth quarter valued at approximately $80,000. Capital Investment Advisory Services LLC bought a new stake in shares of CHIMERA INVT CO/SH NEW during the fourth quarter valued at approximately $100,000. Proffitt & Goodson Inc. bought a new stake in shares of CHIMERA INVT CO/SH NEW during the first quarter valued at approximately $127,000. Ffcm LLC raised its holdings in shares of CHIMERA INVT CO/SH NEW by 696.9% during the fourth quarter. Ffcm LLC now owns 8,351 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 7,303 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in shares of CHIMERA INVT CO/SH NEW during the fourth quarter valued at approximately $190,000. Institutional investors and hedge funds own 49.41% of the company’s stock.
A number of equities research analysts have recently weighed in on CIM shares. Nomura started coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research cut CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, Deutsche Bank cut CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.88.
Shares of NYSE:CIM opened at $19.14 on Monday. CHIMERA INVT CO/SH NEW has a 12 month low of $16.88 and a 12 month high of $19.42. The company has a market cap of $3.58 billion, a P/E ratio of 8.18 and a beta of 0.57. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.33.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. CHIMERA INVT CO/SH NEW had a return on equity of 12.43% and a net margin of 32.33%. The firm had revenue of $154.12 million for the quarter, compared to analysts’ expectations of $146.80 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.00 annualized dividend and a yield of 10.45%. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.
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CHIMERA INVT CO/SH NEW Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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