Simplicity Wealth LLC Takes $940,000 Position in Chimera Investment Corporation $CIM

Simplicity Wealth LLC bought a new position in Chimera Investment Corporation (NYSE:CIM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,482 shares of the real estate investment trust’s stock, valued at approximately $940,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Chimera Investment by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 7,651,505 shares of the real estate investment trust’s stock worth $95,108,000 after purchasing an additional 208,112 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in shares of Chimera Investment by 5.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 5,268,481 shares of the real estate investment trust’s stock valued at $65,487,000 after buying an additional 249,127 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Chimera Investment by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,975,021 shares of the real estate investment trust’s stock valued at $24,554,000 after buying an additional 43,419 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Chimera Investment by 2.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,547,432 shares of the real estate investment trust’s stock valued at $21,463,000 after buying an additional 35,425 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Chimera Investment by 7.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 982,889 shares of the real estate investment trust’s stock worth $12,994,000 after buying an additional 66,031 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $14.00 price objective on shares of Chimera Investment in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. Finally, Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chimera Investment currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Price Performance

CIM opened at $11.81 on Monday. The company has a fifty day moving average price of $12.86 and a two-hundred day moving average price of $13.10. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.07 and a current ratio of 0.07. Chimera Investment Corporation has a 52 week low of $11.46 and a 52 week high of $14.88. The firm has a market capitalization of $988.62 million, a PE ratio of -11.58 and a beta of 1.67.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%. The company had revenue of $94.77 million during the quarter, compared to analyst estimates of $95.30 million.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 15.2%. Chimera Investment’s dividend payout ratio is presently -176.47%.

About Chimera Investment

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.