Rhumbline Advisers Has $1.65 Million Holdings in Chimera Investment Corporation (NYSE:CIM)

Rhumbline Advisers lessened its stake in Chimera Investment Corporation (NYSE:CIM) by 4.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,656 shares of the real estate investment trust’s stock after selling 6,627 shares during the quarter. Rhumbline Advisers owned about 0.16% of Chimera Investment worth $1,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new position in Chimera Investment during the 4th quarter worth approximately $264,000. Handelsbanken Fonder AB boosted its position in shares of Chimera Investment by 51.5% during the fourth quarter. Handelsbanken Fonder AB now owns 26,487 shares of the real estate investment trust’s stock worth $371,000 after purchasing an additional 9,000 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Chimera Investment by 28.8% in the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock valued at $2,673,000 after buying an additional 42,741 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Chimera Investment in the 4th quarter valued at $468,000. Finally, Bank of New York Mellon Corp increased its position in shares of Chimera Investment by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock valued at $5,118,000 after buying an additional 49,388 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CIM. Royal Bank Of Canada raised Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. UBS Group upgraded Chimera Investment from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.50 to $15.00 in a report on Wednesday, May 14th. Finally, Wall Street Zen raised Chimera Investment from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.50.

Chimera Investment Price Performance

Shares of NYSE CIM opened at $13.59 on Wednesday. The company has a fifty day moving average price of $12.69 and a 200 day moving average price of $13.53. The firm has a market cap of $1.10 billion, a PE ratio of 9.06 and a beta of 1.75. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93. Chimera Investment Corporation has a 1-year low of $9.85 and a 1-year high of $16.89.

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 return on equity of 7.25% and a net margin of 25.12%. The company had revenue of $69.22 million during the quarter, compared to analysts’ expectations of $72.07 million. Research analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.89%. Chimera Investment’s dividend payout ratio (DPR) is presently 98.67%.

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.