Chimera Investment Co. (NYSE:CIM) Shares Acquired by LSV Asset Management

LSV Asset Management raised its stake in shares of Chimera Investment Co. (NYSE:CIM) by 141.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,501 shares of the real estate investment trust’s stock after buying an additional 204,584 shares during the period. LSV Asset Management owned approximately 0.43% of Chimera Investment worth $4,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new position in shares of Chimera Investment during the fourth quarter valued at approximately $56,000. Hillsdale Investment Management Inc. acquired a new position in shares of Chimera Investment during the 4th quarter valued at $65,000. Summit Securities Group LLC bought a new stake in shares of Chimera Investment in the 4th quarter worth $111,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment in the third quarter valued at $186,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Chimera Investment during the fourth quarter worth about $170,000. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Trading Down 1.6 %

Shares of CIM opened at $10.70 on Monday. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. Chimera Investment Co. has a 1-year low of $9.85 and a 1-year high of $16.89. The stock has a market capitalization of $865.47 million, a P/E ratio of 9.90 and a beta of 1.47. The business’s 50-day moving average price is $13.36 and its 200 day moving average price is $14.31.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.84%. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CIM shares. Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Insider Activity

In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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.