Chimera Investment Co. (NYSE:CIM – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.30 and traded as high as $15.65. Chimera Investment shares last traded at $15.57, with a volume of 611,165 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.
Check Out Our Latest Stock Report on CIM
Chimera Investment Stock Up 1.2 %
Chimera Investment (NYSE:CIM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $186.72 million for the quarter, compared to analysts’ expectations of $66.50 million. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. During the same period in the previous year, the company posted $0.36 EPS. On average, equities analysts expect that Chimera Investment Co. will post 1.5 EPS for the current year.
Chimera Investment Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.37 dividend. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.51%. The ex-dividend date of this dividend is Monday, September 30th. Chimera Investment’s payout ratio is currently 87.06%.
Hedge Funds Weigh In On Chimera Investment
Several institutional investors have recently bought and sold shares of CIM. Quarry LP boosted its position in shares of Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,032 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Chimera Investment during the 1st quarter worth $63,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Chimera Investment during the 1st quarter worth $72,000. EntryPoint Capital LLC boosted its position in shares of Chimera Investment by 703.3% in the 1st quarter. EntryPoint Capital LLC now owns 19,208 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 16,817 shares in the last quarter. Finally, Strategic Advisors LLC boosted its position in shares of Chimera Investment by 14.2% in the 1st quarter. Strategic Advisors LLC now owns 20,155 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 2,500 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.
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.
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