EMC Capital Management Acquires Shares of 12,131 Chimera Investment Corporation $CIM

EMC Capital Management bought a new position in Chimera Investment Corporation (NYSE:CIM) during the second quarter, Holdings Channel.com reports. The fund bought 12,131 shares of the real estate investment trust’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CIM. Graham Capital Management L.P. grew its stake in Chimera Investment by 29.1% in the first quarter. Graham Capital Management L.P. now owns 97,838 shares of the real estate investment trust’s stock worth $1,255,000 after purchasing an additional 22,048 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Chimera Investment by 8.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 844,590 shares of the real estate investment trust’s stock valued at $10,836,000 after purchasing an additional 67,362 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chimera Investment in the 1st quarter worth $2,703,000. Russell Investments Group Ltd. grew its position in shares of Chimera Investment by 5,110.0% during the 1st quarter. Russell Investments Group Ltd. now owns 104,357 shares of the real estate investment trust’s stock worth $1,339,000 after buying an additional 102,354 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in shares of Chimera Investment by 30.4% during the 1st quarter. Wolverine Asset Management LLC now owns 248,913 shares of the real estate investment trust’s stock worth $3,194,000 after buying an additional 58,018 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CIM has been the subject of several recent research reports. UBS Group decreased their price objective on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings lowered shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.25.

Chimera Investment Price Performance

CIM opened at $11.87 on Wednesday. The firm has a market capitalization of $986.59 million, a PE ratio of 9.42 and a beta of 1.87. 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 business’s 50-day moving average is $13.06 and its two-hundred day moving average is $13.48. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $15.37.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The business had revenue of ($60.05) million for the quarter. Research analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 12.5%. The ex-dividend date was Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is -370.00%.

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.