Cetera Investment Advisers Purchases 1,927 Shares of Chimera Investment Corporation $CIM

Cetera Investment Advisers lifted its stake in Chimera Investment Corporation (NYSE:CIM) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,783 shares of the real estate investment trust’s stock after purchasing an additional 1,927 shares during the period. Cetera Investment Advisers’ holdings in Chimera Investment were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. grew its position in Chimera Investment by 22.8% during the 1st quarter. Wedbush Securities Inc. now owns 28,613 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 5,315 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Chimera Investment by 671.6% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust’s stock worth $2,115,000 after purchasing an additional 143,500 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Chimera Investment by 201.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 100,642 shares of the real estate investment trust’s stock worth $1,291,000 after purchasing an additional 67,232 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Chimera Investment by 9.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust’s stock worth $16,158,000 after purchasing an additional 111,458 shares in the last quarter. Finally, Sigma Planning Corp bought a new stake in Chimera Investment in the 1st quarter worth approximately $131,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CIM shares. Keefe, Bruyette & Woods dropped their target price on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 10th. UBS Group lifted their price target on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

Chimera Investment Stock Performance

Chimera Investment stock opened at $13.5750 on Friday. The firm has a 50 day simple moving average of $13.83 and a 200-day simple moving average of $13.34. Chimera Investment Corporation has a 1-year low of $9.85 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 10.77 and a beta of 1.79.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.07). Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The company had revenue of $66.01 million during the quarter, compared to analyst estimates of $83.89 million. On average, analysts expect that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend was Monday, June 30th. Chimera Investment’s dividend payout ratio is presently 117.46%.

Chimera Investment 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.