AlphaQuest LLC Has $491,000 Stock Holdings in Chimera Investment Corporation $CIM

AlphaQuest LLC raised its holdings in Chimera Investment Corporation (NYSE:CIM) by 32.0% during the second quarter, HoldingsChannel reports. The firm owned 35,401 shares of the real estate investment trust’s stock after acquiring an additional 8,576 shares during the quarter. AlphaQuest LLC’s holdings in Chimera Investment were worth $491,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CIM. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chimera Investment by 18.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 2,730 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Chimera Investment by 5.6% in the 1st quarter. D.A. Davidson & CO. now owns 69,954 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 3,723 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chimera Investment by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 380,634 shares of the real estate investment trust’s stock valued at $4,884,000 after acquiring an additional 15,031 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Chimera Investment in the 1st quarter valued at $131,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Chimera Investment by 9.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust’s stock valued at $16,158,000 after acquiring an additional 111,458 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Down 0.3%

Shares of NYSE:CIM opened at $13.03 on Wednesday. The firm has a market cap of $1.06 billion, a P/E ratio of 10.34 and a beta of 1.85. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment Corporation has a 12-month low of $9.85 and a 12-month high of $15.97. The business has a fifty day simple moving average of $13.62 and a 200 day simple moving average of $13.40.

Chimera Investment (NYSE:CIM) last announced its earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of ($60.05) million during the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. Analysts predict 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. Investors of record on Tuesday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is currently 117.46%.

Analyst Ratings Changes

A number of research analysts have recently commented on CIM shares. Keefe, Bruyette & Woods dropped their price target on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, July 10th. Wall Street Zen cut Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. UBS Group increased their price target on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.50.

Chimera Investment Company 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.