Chimera Investment Corporation (CIM) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,821 shares of the real estate investment trust’s stock after purchasing an additional 6,423 shares during the period. Teachers Advisors LLC owned 0.13% of Chimera Investment Corporation worth $4,561,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Raymond James Trust N.A. boosted its holdings in Chimera Investment Corporation by 0.6% in the second quarter. Raymond James Trust N.A. now owns 21,501 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 133 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Chimera Investment Corporation by 178.1% in the second quarter. Riverhead Capital Management LLC now owns 120,929 shares of the real estate investment trust’s stock valued at $2,253,000 after purchasing an additional 77,439 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Chimera Investment Corporation by 1.7% in the second quarter. Alliancebernstein L.P. now owns 108,311 shares of the real estate investment trust’s stock valued at $2,018,000 after purchasing an additional 1,830 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Chimera Investment Corporation by 5.8% in the second quarter. LSV Asset Management now owns 2,376,747 shares of the real estate investment trust’s stock valued at $44,278,000 after purchasing an additional 129,600 shares in the last quarter. Finally, Ffcm LLC lifted its holdings in shares of Chimera Investment Corporation by 99.8% in the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 4,840 shares in the last quarter. Institutional investors own 52.19% of the company’s stock.

Chimera Investment Corporation (CIM) opened at 18.98 on Thursday. The stock has a market cap of $3.56 billion, a P/E ratio of 5.46 and a beta of 0.88. Chimera Investment Corporation has a 12-month low of $15.03 and a 12-month high of $20.90. The stock has a 50 day moving average price of $19.07 and a 200 day moving average price of $19.14.

Chimera Investment Corporation (NYSE:CIM) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Chimera Investment Corporation had a return on equity of 14.27% and a net margin of 63.94%. The firm had revenue of $150.70 million during the quarter, compared to analysts’ expectations of $149.75 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Chimera Investment Corporation will post $2.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio is currently 57.31%.

A number of research firms have recently weighed in on CIM. Barclays PLC set a $18.00 target price on Chimera Investment Corporation and gave the company a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded Chimera Investment Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 target price on shares of Chimera Investment Corporation in a research report on Friday, October 6th. Finally, Deutsche Bank AG raised their target price on Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Chimera Investment Corporation has a consensus rating of “Hold” and a consensus price target of $18.83.

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About Chimera Investment Corporation

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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