Rhumbline Advisers Boosts Stock Position in CHIMERA INVT CO/SH NEW (NYSE:CIM)

Rhumbline Advisers raised its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 148,227 shares of the real estate investment trust’s stock after acquiring an additional 1,639 shares during the quarter. Rhumbline Advisers’ holdings in CHIMERA INVT CO/SH NEW were worth $2,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in CHIMERA INVT CO/SH NEW by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,842 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 535 shares during the last quarter. Natixis raised its stake in CHIMERA INVT CO/SH NEW by 0.6% during the 2nd quarter. Natixis now owns 160,407 shares of the real estate investment trust’s stock valued at $3,027,000 after acquiring an additional 950 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of CHIMERA INVT CO/SH NEW by 1.1% during the 2nd quarter. Advisory Services Network LLC now owns 91,067 shares of the real estate investment trust’s stock worth $1,718,000 after buying an additional 968 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of CHIMERA INVT CO/SH NEW by 50.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 1,000 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC raised its stake in shares of CHIMERA INVT CO/SH NEW by 5.5% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 19,058 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 1,000 shares in the last quarter. 51.59% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on CIM shares. Royal Bank of Canada started coverage on CHIMERA INVT CO/SH NEW in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $21.00 target price for the company. Zacks Investment Research downgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Credit Suisse Group downgraded CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 target price for the company. in a research note on Wednesday, August 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.38.

Shares of CIM stock traded up $0.02 during trading hours on Tuesday, reaching $20.24. 202,351 shares of the company’s stock were exchanged, compared to its average volume of 985,463. The company has a market cap of $3.78 billion, a P/E ratio of 8.65 and a beta of 0.58. The company’s 50 day moving average is $20.03 and its two-hundred day moving average is $19.36. CHIMERA INVT CO/SH NEW has a 1 year low of $16.88 and a 1 year high of $20.54. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.02 and a quick ratio of 0.02.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The business had revenue of $141.59 million for the quarter, compared to analysts’ expectations of $142.50 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.22% and a net margin of 13.14%. During the same period last year, the company posted $0.60 earnings per share. As a group, analysts predict that CHIMERA INVT CO/SH NEW will post 2.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date is Monday, December 30th. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.

CHIMERA INVT CO/SH NEW Company 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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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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