Chimera Investment Corporation $CIM Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC decreased its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,920 shares of the real estate investment trust’s stock after selling 5,792 shares during the quarter. Chimera Investment comprises about 0.9% of Cadent Capital Advisors LLC’s portfolio, making the stock its 27th biggest holding. Cadent Capital Advisors LLC owned approximately 0.26% of Chimera Investment worth $2,912,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CIM. GAMMA Investing LLC grew its holdings in shares of Chimera Investment by 8,728.6% during the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 3,666 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of Chimera Investment during the first quarter worth $131,000. Sigma Planning Corp purchased a new stake in shares of Chimera Investment during the first quarter worth $131,000. Vident Advisory LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth $184,000. Finally, Investment Partners Asset Management Inc. grew its holdings in shares of Chimera Investment by 10.2% during the first quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Analysts Set New Price Targets

CIM has been the subject of a number of research reports. UBS Group upped their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Chimera Investment Trading Down 0.3%

NYSE CIM opened at $13.65 on Friday. The firm’s 50-day moving average is $13.91 and its two-hundred day moving average is $13.32. Chimera Investment Corporation has a 12 month low of $9.85 and a 12 month high of $16.35. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The stock has a market capitalization of $1.11 billion, a P/E ratio of 10.83 and a beta of 1.85.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The company had revenue of $66.01 million during the quarter, compared to analyst estimates of $83.89 million. On average, sell-side analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.8%. Chimera Investment’s dividend payout ratio is presently 117.46%.

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.