LSV Asset Management Acquires 103,900 Shares of Chimera Investment Corporation $CIM

LSV Asset Management lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 7.3% during the second quarter, Holdings Channel.com reports. The firm owned 1,523,435 shares of the real estate investment trust’s stock after acquiring an additional 103,900 shares during the quarter. LSV Asset Management’s holdings in Chimera Investment were worth $21,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CIM. Wolverine Asset Management LLC lifted its holdings in Chimera Investment by 206.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock worth $10,566,000 after buying an additional 512,909 shares during the period. Nuveen LLC bought a new position in shares of Chimera Investment during the first quarter worth about $2,703,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Chimera Investment during the second quarter worth about $2,301,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Chimera Investment by 671.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust’s stock worth $2,115,000 after acquiring an additional 143,500 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Chimera Investment by 9.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,373,609 shares of the real estate investment trust’s stock worth $19,052,000 after purchasing an additional 114,200 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Trading Up 0.5%

Shares of Chimera Investment stock opened at $11.87 on Wednesday. The stock has a market capitalization of $986.59 million, a PE ratio of 9.42 and a beta of 1.87. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $15.37. The stock has a 50 day moving average price of $13.06 and a two-hundred day moving average price of $13.48. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14.

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

Chimera Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is currently -370.00%.

Wall Street Analysts Forecast Growth

CIM has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group cut their target price on shares of Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chimera Investment currently has a consensus rating of “Hold” and a consensus target price of $15.25.

About Chimera Investment

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.