Short Interest in Chimera Investment Corporation (NYSE:CIM) Increases By 60.7%

Chimera Investment Corporation (NYSE:CIM) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 1,960,000 shares, an increase of 60.7% from the September 30th total of 1,220,000 shares. Based on an average trading volume of 574,900 shares, the short-interest ratio is presently 3.4 days. Approximately 2.5% of the shares of the stock are short sold. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 574,900 shares, the short-interest ratio is presently 3.4 days.

Chimera Investment Stock Performance

Chimera Investment stock opened at $12.68 on Tuesday. The firm has a 50 day simple moving average of $13.53 and a 200-day simple moving average of $13.46. Chimera Investment has a 1-year low of $9.85 and a 1-year high of $15.48. 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 $1.03 billion, a price-to-earnings ratio of 10.06 and a beta of 1.85.

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

Chimera Investment Announces Dividend

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

Hedge Funds Weigh In On Chimera Investment

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its position in shares of Chimera Investment by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,143 shares during the period. Moloney Securities Asset Management LLC boosted its position in shares of Chimera Investment by 13.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 11,447 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 1,367 shares during the period. Motiv8 Investments LLC boosted its position in shares of Chimera Investment by 15.2% during the 2nd quarter. Motiv8 Investments LLC now owns 11,747 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,552 shares during the period. D.A. Davidson & CO. boosted its position in shares of Chimera Investment by 2.6% during the 2nd quarter. D.A. Davidson & CO. now owns 71,739 shares of the real estate investment trust’s stock worth $995,000 after purchasing an additional 1,785 shares during the period. Finally, AXS Investments LLC boosted its position in shares of Chimera Investment by 1.8% during the 1st quarter. AXS Investments LLC now owns 109,345 shares of the real estate investment trust’s stock worth $1,403,000 after purchasing an additional 1,911 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CIM shares. Keefe, Bruyette & Woods dropped their price objective on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, July 10th. UBS Group upped their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chimera Investment in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Chimera Investment currently has a consensus rating of “Hold” and an average price target of $15.50.

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.