Cwm LLC Raises Stock Holdings in Chimera Investment Corporation $CIM

Cwm LLC boosted its position in shares of Chimera Investment Corporation (NYSE:CIM) by 508.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,196 shares of the real estate investment trust’s stock after acquiring an additional 4,342 shares during the quarter. Cwm LLC’s holdings in Chimera Investment were worth $72,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Chimera Investment by 18.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 2,730 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Chimera Investment by 5.6% during the 1st quarter. D.A. Davidson & CO. now owns 69,954 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 3,723 shares during the period. Bank of New York Mellon Corp lifted its stake in Chimera Investment by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 380,634 shares of the real estate investment trust’s stock valued at $4,884,000 after acquiring an additional 15,031 shares during the period. Sigma Planning Corp purchased a new stake in shares of Chimera Investment in the 1st quarter valued at $131,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Chimera Investment by 9.7% in the first quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust’s stock worth $16,158,000 after acquiring an additional 111,458 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

NYSE:CIM opened at $12.68 on Tuesday. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $15.48. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. The stock has a market capitalization of $1.03 billion, a PE ratio of 10.06 and a beta of 1.85. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.46.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of ($60.05) million for the quarter. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. As a group, equities analysts expect that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.7%. Chimera Investment’s dividend payout ratio (DPR) is currently 117.46%.

Wall Street Analysts Forecast Growth

CIM has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a report on Wednesday, October 8th. UBS Group boosted their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reduced their price target on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

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.