D.A. Davidson & CO. Acquires 1,785 Shares of Chimera Investment Corporation $CIM

D.A. Davidson & CO. boosted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 71,739 shares of the real estate investment trust’s stock after purchasing an additional 1,785 shares during the period. D.A. Davidson & CO.’s holdings in Chimera Investment were worth $995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Chimera Investment during the second quarter valued at approximately $2,301,000. Allianz Asset Management GmbH raised its position in Chimera Investment by 9.1% during the second quarter. Allianz Asset Management GmbH now owns 1,373,609 shares of the real estate investment trust’s stock valued at $19,052,000 after acquiring an additional 114,200 shares in the last quarter. CWM LLC raised its position in Chimera Investment by 508.4% during the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 4,342 shares in the last quarter. Motiv8 Investments LLC raised its position in Chimera Investment by 15.2% during the second quarter. Motiv8 Investments LLC now owns 11,747 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Investment Partners Asset Management Inc. raised its position in Chimera Investment by 37.2% during the second quarter. Investment Partners Asset Management Inc. now owns 19,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 5,376 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Up 0.0%

CIM opened at $13.07 on Tuesday. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $15.97. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The firm’s fifty day moving average price is $13.64 and its two-hundred day moving average price is $13.38. The company has a market capitalization of $1.06 billion, a P/E ratio of 10.37 and a beta of 1.85.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The firm had revenue of ($60.05) million for the quarter. On average, analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.3%. Chimera Investment’s payout ratio is currently 117.46%.

Analyst Ratings Changes

Several brokerages have commented on CIM. Keefe, Bruyette & Woods lowered their price target on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, July 10th. Wall Street Zen lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chimera Investment in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.50.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.