Lakeview Capital Partners LLC Increases Stake in CHIMERA INVT CO/SH NEW (NYSE:CIM)

Lakeview Capital Partners LLC raised its holdings in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,075 shares of the real estate investment trust’s stock after buying an additional 1,260 shares during the quarter. Lakeview Capital Partners LLC’s holdings in CHIMERA INVT CO/SH NEW were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of CHIMERA INVT CO/SH NEW during the second quarter valued at approximately $25,000. Brand Asset Management Group Inc. purchased a new position in shares of CHIMERA INVT CO/SH NEW in the second quarter worth $36,000. Kistler Tiffany Companies LLC purchased a new position in shares of CHIMERA INVT CO/SH NEW in the second quarter worth $54,000. Carroll Financial Associates Inc. raised its stake in shares of CHIMERA INVT CO/SH NEW by 50.0% in the second quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,000 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of CHIMERA INVT CO/SH NEW by 963.9% in the second quarter. NEXT Financial Group Inc now owns 4,415 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 51.49% of the company’s stock.

Several research analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on CHIMERA INVT CO/SH NEW in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $21.00 price target for the company. Zacks Investment Research cut CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Credit Suisse Group cut CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price target for the company. in a research note on Wednesday, August 21st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.38.

Shares of CIM stock traded up $0.20 during mid-day trading on Friday, hitting $20.33. The company’s stock had a trading volume of 665,801 shares, compared to its average volume of 1,259,301. CHIMERA INVT CO/SH NEW has a 52-week low of $16.88 and a 52-week high of $20.54. The business has a 50-day moving average price of $20.02 and a 200 day moving average price of $19.35. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 8.69 and a beta of 0.58.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The business had revenue of $141.59 million during the quarter, compared to analysts’ expectations of $142.50 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.22% and a net margin of 13.14%. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts predict that CHIMERA INVT CO/SH NEW will post 2.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date of this dividend is Monday, December 30th. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is presently 85.47%.

CHIMERA INVT CO/SH NEW Profile

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.

See Also: Compound Interest

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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