Wealth Enhancement Advisory Services LLC Acquires Shares of 14,799 Chimera Investment Co. (NYSE:CIM)

Wealth Enhancement Advisory Services LLC acquired a new stake in Chimera Investment Co. (NYSE:CIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,799 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently bought and sold shares of CIM. Empowered Funds LLC bought a new stake in Chimera Investment in the 4th quarter valued at about $264,000. Van ECK Associates Corp raised its position in shares of Chimera Investment by 18.9% in the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock valued at $10,746,000 after buying an additional 122,088 shares in the last quarter. AlphaCentric Advisors LLC lifted its holdings in shares of Chimera Investment by 256.6% during the 4th quarter. AlphaCentric Advisors LLC now owns 50,000 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 35,978 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Chimera Investment by 51.5% during the 4th quarter. Handelsbanken Fonder AB now owns 26,487 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 9,000 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after acquiring an additional 42,741 shares during the period. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Trading Down 1.0%

Shares of NYSE CIM opened at $13.86 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a 52-week low of $9.85 and a 52-week high of $16.89. The firm has a 50 day moving average price of $12.65 and a two-hundred day moving average price of $13.53. The stock has a market cap of $1.12 billion, a P/E ratio of 12.84 and a beta of 1.75.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. The company had revenue of $69.22 million during the quarter, compared to analysts’ expectations of $72.07 million. As a group, equities analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.68%. The ex-dividend date is Monday, June 30th. Chimera Investment’s dividend payout ratio (DPR) is presently 98.67%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. UBS Group raised shares of Chimera Investment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.50 to $15.00 in a report on Wednesday, May 14th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

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.