CHIMERA INVT CO/SH NEW (NYSE:CIM) Position Increased by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. boosted its holdings in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,056 shares of the real estate investment trust’s stock after purchasing an additional 4,192 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in CHIMERA INVT CO/SH NEW were worth $582,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Executive Wealth Management LLC bought a new stake in CHIMERA INVT CO/SH NEW during the 1st quarter valued at approximately $28,000. Princeton Capital Management LLC raised its stake in CHIMERA INVT CO/SH NEW by 90.9% during the 1st quarter. Princeton Capital Management LLC now owns 2,772 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,320 shares during the period. Enlightenment Research LLC bought a new stake in CHIMERA INVT CO/SH NEW during the 4th quarter valued at approximately $80,000. Capital Investment Advisory Services LLC bought a new stake in CHIMERA INVT CO/SH NEW during the 4th quarter valued at approximately $100,000. Finally, Proffitt & Goodson Inc. bought a new stake in CHIMERA INVT CO/SH NEW during the 1st quarter valued at approximately $127,000. 52.03% of the stock is currently owned by institutional investors.
CIM has been the subject of several research analyst reports. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Nomura initiated coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They set a “buy” rating and a $20.00 price target for the company. Finally, Deutsche Bank cut CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.88.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $147.44 million during the quarter, compared to analysts’ expectations of $151.69 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.59% and a net margin of 21.84%. CHIMERA INVT CO/SH NEW’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. As a group, research analysts forecast that CHIMERA INVT CO/SH NEW will post 2.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, June 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date is Thursday, June 27th. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is 85.47%.
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About CHIMERA INVT CO/SH NEW
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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