Chimera Investment Corporation (NYSE:CIM) Sees Significant Increase in Short Interest

Chimera Investment Corporation (NYSE:CIM) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 2,202,204 shares, an increase of 23.6% from the January 15th total of 1,782,428 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 798,025 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 798,025 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its holdings in Chimera Investment by 3.2% in the 3rd quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 917 shares during the last quarter. VSM Wealth Advisory LLC increased its holdings in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 936 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Chimera Investment by 1.5% during the 4th quarter. Harbour Investments Inc. now owns 68,905 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 994 shares during the period. Cetera Investment Advisers lifted its holdings in Chimera Investment by 6.1% in the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,143 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Chimera Investment by 9.8% in the fourth quarter. ProShare Advisors LLC now owns 14,952 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 1,335 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Chimera Investment in a research report on Monday, December 29th. UBS Group cut their price target on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada cut Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price target for the company. in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.50.

Chimera Investment Stock Up 5.8%

CIM stock opened at $14.04 on Tuesday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 8.02 and a beta of 1.84. The firm has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $13.10. The company has a quick ratio of 8.22, a current ratio of 8.22 and a debt-to-equity ratio of 4.75. Chimera Investment has a 52 week low of $9.85 and a 52 week high of $14.88.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Chimera Investment had a net margin of 28.06% and a return on equity of 8.70%. The firm had revenue of $72.01 million for the quarter, compared to analyst estimates of $80.77 million. Equities analysts forecast that Chimera Investment will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.37. This represents a $1.80 annualized dividend and a dividend yield of 12.8%. Chimera Investment’s dividend payout ratio (DPR) is presently 84.57%.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.