Chimera Investment Co. (NYSE:CIM) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,360,000 shares, a growth of 25.6% from the March 31st total of 3,470,000 shares. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is presently 2.1 days.
Several institutional investors and hedge funds have recently modified their holdings of CIM. BlackRock Inc. boosted its holdings in Chimera Investment by 6.3% in the fourth quarter. BlackRock Inc. now owns 19,243,890 shares of the real estate investment trust’s stock worth $197,250,000 after purchasing an additional 1,140,795 shares during the period. Thornburg Investment Management Inc. boosted its holdings in shares of Chimera Investment by 10.7% in the 4th quarter. Thornburg Investment Management Inc. now owns 16,184,932 shares of the real estate investment trust’s stock valued at $165,896,000 after buying an additional 1,564,861 shares during the period. Norges Bank bought a new stake in shares of Chimera Investment during the 4th quarter valued at about $24,637,000. Charles Schwab Investment Management Inc. raised its stake in Chimera Investment by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,726,531 shares of the real estate investment trust’s stock worth $17,697,000 after acquiring an additional 46,176 shares during the period. Finally, FMR LLC lifted its holdings in Chimera Investment by 0.3% in the first quarter. FMR LLC now owns 1,468,559 shares of the real estate investment trust’s stock worth $27,521,000 after acquiring an additional 3,947 shares during the last quarter. Institutional investors own 48.91% of the company’s stock.
Several equities research analysts have commented on CIM shares. Raymond James restated a “hold” rating on shares of Chimera Investment in a research report on Monday, February 22nd. BTIG Research reissued a “hold” rating on shares of Chimera Investment in a research note on Friday, April 23rd. Finally, Zacks Investment Research raised Chimera Investment from a “strong sell” rating to a “hold” rating in a research note on Monday, April 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.33.
Shares of CIM stock traded down $0.33 during mid-day trading on Tuesday, reaching $12.93. 2,409,949 shares of the company were exchanged, compared to its average volume of 2,013,718. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.09 and a current ratio of 0.09. The business’s 50 day simple moving average is $12.80 and its 200 day simple moving average is $11.02. The company has a market capitalization of $2.98 billion, a P/E ratio of -24.40 and a beta of 0.98. Chimera Investment has a fifty-two week low of $7.03 and a fifty-two week high of $13.34.
Chimera Investment (NYSE:CIM) last released its earnings results on Tuesday, February 9th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Chimera Investment had a return on equity of 11.73% and a net margin of 4.71%. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, analysts forecast that Chimera Investment will post 1.52 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date was Tuesday, March 30th. Chimera Investment’s dividend payout ratio is presently 53.33%.
About Chimera Investment
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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, and other real estate related securities.
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