Point72 Asset Management L.P. Takes $1.84 Million Position in CHIMERA INVT CO/SH NEW (NYSE:CIM)

Point72 Asset Management L.P. bought a new position in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) during the third quarter, Holdings Channel reports. The firm bought 94,241 shares of the real estate investment trust’s stock, valued at approximately $1,843,000.

Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in CHIMERA INVT CO/SH NEW during the second quarter worth about $25,000. NEXT Financial Group Inc boosted its holdings in CHIMERA INVT CO/SH NEW by 963.9% in the 2nd quarter. NEXT Financial Group Inc now owns 4,415 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 4,000 shares during the period. Altshuler Shaham Ltd grew its stake in CHIMERA INVT CO/SH NEW by 77.6% in the 2nd quarter. Altshuler Shaham Ltd now owns 5,598 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 2,446 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of CHIMERA INVT CO/SH NEW by 17.9% during the third quarter. Capital Investment Advisory Services LLC now owns 6,595 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of CHIMERA INVT CO/SH NEW during the third quarter worth $150,000. 50.36% of the stock is currently owned by institutional investors.

CHIMERA INVT CO/SH NEW stock opened at $20.43 on Wednesday. The firm has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $19.51. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 1.99. CHIMERA INVT CO/SH NEW has a twelve month low of $16.88 and a twelve month high of $20.54. The company has a market capitalization of $3.81 billion, a PE ratio of 8.73 and a beta of 0.56.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The company 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 posted $0.60 EPS. As a group, equities analysts expect that CHIMERA INVT CO/SH NEW will post 2.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.00 dividend on an annualized basis and a yield of 9.79%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is currently 85.47%.

A number of equities analysts have recently commented on CIM shares. Credit Suisse Group lowered 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 report on Wednesday, August 21st. They noted that the move was a valuation call. Zacks Investment Research lowered CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada initiated coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, October 2nd. They set an “outperform” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. CHIMERA INVT CO/SH NEW presently has a consensus rating of “Hold” and a consensus target price of $20.38.

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.

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

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