Creative Planning Makes New $231,000 Investment in Chimera Investment Co. (NYSE:CIM)

Creative Planning bought a new stake in shares of Chimera Investment Co. (NYSE:CIM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,589 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CIM. Quarry LP grew its holdings in 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 acquiring an additional 2,032 shares in the last quarter. ProShare Advisors LLC increased its holdings in Chimera Investment by 8.5% in the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 3,218 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Chimera Investment by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 189,305 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 8,656 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Chimera Investment in the 1st quarter worth approximately $63,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Chimera Investment in the 2nd quarter worth approximately $179,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CIM. Keefe, Bruyette & Woods raised their price objective on Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Chimera Investment Stock Up 0.8 %

Shares of Chimera Investment stock opened at $15.28 on Monday. Chimera Investment Co. has a twelve month low of $11.28 and a twelve month high of $16.89. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 4.63 and a beta of 1.73. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.75. The business’s 50 day simple moving average is $15.59 and its 200-day simple moving average is $14.47.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a return on equity of 7.78% and a net margin of 46.48%. During the same period in the prior year, the business earned $0.39 earnings per share. Equities research analysts forecast that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.69%. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, September 30th. Chimera Investment’s payout ratio is presently 44.85%.

About Chimera Investment

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.