Traders Purchase High Volume of Call Options on Chimera Investment (NYSE:CIM)

Chimera Investment Corporation (NYSE:CIM) saw unusually large options trading activity on Monday. Stock investors bought 20,093 call options on the company. This is an increase of 2,881% compared to the average volume of 674 call options.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CIM shares. Keefe, Bruyette & Woods lowered their price objective on shares of Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. Weiss Ratings cut Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 18th. Finally, Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chimera Investment has an average rating of “Hold” and a consensus target price of $14.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CIM. BlackRock Inc. lifted its position in shares of Chimera Investment by 9.5% in the second quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock valued at $104,787,000 after acquiring an additional 681,996 shares in the last quarter. Thornburg Investment Management Inc. boosted its holdings in Chimera Investment by 0.7% in the second quarter. Thornburg Investment Management Inc. now owns 5,511,923 shares of the real estate investment trust’s stock valued at $73,529,000 after acquiring an additional 35,621 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Chimera Investment by 6.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,274,507 shares of the real estate investment trust’s stock worth $30,342,000 after purchasing an additional 147,119 shares during the period. State Street Corp boosted its position in Chimera Investment by 7.8% during the 2nd quarter. State Street Corp now owns 2,029,275 shares of the real estate investment trust’s stock worth $27,957,000 after purchasing an additional 147,629 shares during the period. Finally, First Trust Advisors LP lifted its position in Chimera Investment by 82.0% during the 1st quarter. First Trust Advisors LP now owns 543,101 shares of the real estate investment trust’s stock worth $6,816,000 after acquiring an additional 244,763 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of Chimera Investment stock traded down $0.28 during trading on Monday, reaching $8.12. The company’s stock had a trading volume of 1,093,474 shares, compared to its average volume of 892,946. The company has a 50-day moving average price of $10.71 and a two-hundred day moving average price of $12.30. The firm has a market cap of $679.31 million, a PE ratio of -7.96 and a beta of 1.72. Chimera Investment has a fifty-two week low of $8.11 and a fifty-two week high of $14.18. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 2.34.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The company had revenue of $94.77 million during the quarter, compared to analyst estimates of $95.30 million. Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 22.2%. Chimera Investment’s payout ratio is -176.47%.

Chimera Investment Company Profile

Chimera Investment Corporation is a real estate investment trust (REIT) focused on investing in residential mortgage assets. The company seeks to generate income primarily through a portfolio of mortgage loans and mortgage-backed securities, including agency and non-agency residential mortgage-backed securities.

Its investments may include performing and non-performing residential mortgage loans, residential mortgage-backed securities and other mortgage-related assets. Agency securities are generally backed by government-sponsored enterprises or U.S.