AllSquare Wealth Management LLC continued to hold its position in shares of Chimera Investment Corporation (NYSE:CIM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 Corporation were worth $329,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Chimera Investment Corporation during the fourth quarter valued at $31,840,000. Karp Capital Management Corp bought a new stake in Chimera Investment Corporation during the first quarter valued at about $28,410,000. LSV Asset Management increased its stake in Chimera Investment Corporation by 49.6% in the first quarter. LSV Asset Management now owns 2,247,147 shares of the real estate investment trust’s stock valued at $45,347,000 after buying an additional 744,848 shares during the period. Renaissance Technologies LLC bought a new stake in Chimera Investment Corporation during the fourth quarter valued at about $11,120,000. Finally, Old Mutual Global Investors UK Ltd. increased its stake in Chimera Investment Corporation by 106.7% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 725,503 shares of the real estate investment trust’s stock valued at $14,640,000 after buying an additional 374,561 shares during the period. Institutional investors own 55.68% of the company’s stock.
Chimera Investment Corporation (NYSE CIM) opened at 19.42 on Monday. The firm has a market capitalization of $3.65 billion, a P/E ratio of 5.85 and a beta of 0.83. Chimera Investment Corporation has a 12 month low of $14.70 and a 12 month high of $20.90. The firm’s 50-day moving average is $18.69 and its 200 day moving average is $18.62.
Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by $0.07. Chimera Investment Corporation had a net margin of 64.18% and a return on equity of 14.14%. The business had revenue of $141.11 million for the quarter, compared to analyst estimates of $140.90 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Chimera Investment Corporation will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.30%. The ex-dividend date of this dividend is Wednesday, June 28th. Chimera Investment Corporation’s dividend payout ratio (DPR) is 60.24%.
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Several analysts recently weighed in on the company. BidaskClub upgraded Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays PLC set a $17.00 price target on Chimera Investment Corporation and gave the company a “hold” rating in a report on Monday, May 8th. Zacks Investment Research raised Chimera Investment Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, April 18th. Finally, ValuEngine upgraded Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.75.
Chimera Investment Corporation 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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