AllSquare Wealth Management LLC continued to hold its position in shares of Chimera Investment Co. (NYSE:CIM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,300 shares of the real estate investment trust’s stock at the end of the first quarter. AllSquare Wealth Management LLC’s holdings in Chimera Investment were worth $329,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CIM. State Street Corp increased its position in Chimera Investment by 0.9% in the fourth quarter. State Street Corp now owns 2,804,574 shares of the real estate investment trust’s stock worth $47,731,000 after buying an additional 24,932 shares during the period. National Planning Corp increased its stake in Chimera Investment by 61.2% in the fourth quarter. National Planning Corp now owns 102,215 shares of the real estate investment trust’s stock valued at $1,822,000 after buying an additional 38,799 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Chimera Investment by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 810,021 shares of the real estate investment trust’s stock valued at $12,919,000 after buying an additional 2,163 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Chimera Investment during the fourth quarter valued at approximately $11,120,000. Finally, Rhumbline Advisers boosted its stake in Chimera Investment by 1.0% in the third quarter. Rhumbline Advisers now owns 198,581 shares of the real estate investment trust’s stock worth $3,167,000 after buying an additional 2,019 shares during the period. Institutional investors and hedge funds own 53.03% of the company’s stock.
Shares of Chimera Investment Co. (CIM) opened at 18.62 on Tuesday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 5.61 and a beta of 0.74. The company has a 50-day moving average price of $19.32 and a 200 day moving average price of $18.38. Chimera Investment Co. has a 1-year low of $14.70 and a 1-year high of $20.90.
Chimera Investment (NYSE:CIM) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $141.11 million during the quarter, compared to the consensus estimate of $140.90 million. Chimera Investment had a return on equity of 14.60% and a net margin of 50.90%. Chimera Investment’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, equities research analysts predict that Chimera Investment Co. will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.74%. Chimera Investment’s dividend payout ratio is currently 84.75%.
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A number of equities research analysts recently weighed in on CIM shares. Wells Fargo & Co upgraded Chimera Investment from an “underperform” rating to a “market perform” rating in a research note on Thursday, February 16th. Zacks Investment Research upgraded Chimera Investment from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, April 18th. Finally, Barclays PLC set a $17.00 price objective on Chimera Investment and gave the stock a “hold” rating in a research report on Monday, May 8th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.75.
Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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