AlphaCrest Capital Management LLC Makes New $240,000 Investment in Chimera Investment Co. (NYSE:CIM)

AlphaCrest Capital Management LLC bought a new stake in Chimera Investment Co. (NYSE:CIM – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 46,040 shares of the real estate investment trust’s stock, valued at approximately $240,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Chimera Investment by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 22,082,870 shares of the real estate investment trust’s stock valued at $265,878,000 after acquiring an additional 176,508 shares during the period. Centiva Capital LP bought a new stake in shares of Chimera Investment in the second quarter valued at approximately $72,596,000. State Street Corp lifted its stake in shares of Chimera Investment by 8.0% during the 1st quarter. State Street Corp now owns 5,454,412 shares of the real estate investment trust’s stock valued at $67,373,000 after buying an additional 405,765 shares in the last quarter. Northern Trust Corp boosted its holdings in Chimera Investment by 1.4% in the 2nd quarter. Northern Trust Corp now owns 2,436,849 shares of the real estate investment trust’s stock worth $21,493,000 after buying an additional 34,748 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Chimera Investment by 26.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,110,043 shares of the real estate investment trust’s stock valued at $18,611,000 after buying an additional 441,484 shares in the last quarter. Hedge funds and other institutional investors own 47.06% of the company’s stock.

Chimera Investment Trading Down 4.4 %

Chimera Investment stock opened at $5.41 on Monday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.09 and a current ratio of 0.09. Chimera Investment Co. has a fifty-two week low of $4.91 and a fifty-two week high of $12.73. The stock has a market cap of $1.25 billion, a P/E ratio of -2.17 and a beta of 1.51. The firm’s fifty day moving average price is $6.66 and its 200-day moving average price is $6.66.

Chimera Investment (NYSE:CIM – Get Rating) last announced its earnings results on Wednesday, February 15th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $187.29 million during the quarter, compared to the consensus estimate of $97.90 million. Chimera Investment had a positive return on equity of 11.35% and a negative net margin of 66.36%. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities research analysts forecast that Chimera Investment Co. will post 0.78 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Friday, March 31st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.92 dividend on an annualized basis and a yield of 17.01%. Chimera Investment’s dividend payout ratio is presently -36.95%.

Analyst Ratings Changes

Several research firms have issued reports on CIM. Credit Suisse Group restated a “neutral” rating and set a $6.50 target price on shares of Chimera Investment in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $7.00 target price on shares of Chimera Investment in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.

Chimera Investment Profile

(Get Rating)

Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.