MML Investors Services LLC Grows Holdings in Chimera Investment Co. (NYSE:CIM)

MML Investors Services LLC lifted its holdings in Chimera Investment Co. (NYSE:CIM – Get Rating) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,016 shares of the real estate investment trust’s stock after buying an additional 2,617 shares during the quarter. MML Investors Services LLC’s holdings in Chimera Investment were worth $141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in shares of Chimera Investment in the 2nd quarter worth about $25,000. Worth Asset Management LLC purchased a new stake in Chimera Investment during the 1st quarter valued at about $30,000. Truvestments Capital LLC purchased a new stake in Chimera Investment during the 2nd quarter valued at about $40,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Chimera Investment during the 3rd quarter valued at about $26,000. Finally, Captrust Financial Advisors purchased a new stake in Chimera Investment during the 2nd quarter valued at about $83,000. 47.06% of the stock is owned by hedge funds and other institutional investors.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $5.41 on Monday. The firm’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.66. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 2.69. The company has a market cap of $1.25 billion, a PE ratio of -2.17 and a beta of 1.51. Chimera Investment Co. has a 52-week low of $4.91 and a 52-week high of $12.73.

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

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 27th. Stockholders of record on Friday, March 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 17.01%. The ex-dividend date is Thursday, March 30th. Chimera Investment’s dividend payout ratio (DPR) is presently -36.95%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $7.00 price objective on shares of Chimera Investment in a research report on Tuesday, March 7th. Credit Suisse Group reissued a “neutral” rating and set a $6.50 price objective on shares of Chimera Investment in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Chimera Investment Profile

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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.