Campbell & CO Investment Adviser LLC acquired a new position in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,332 shares of the real estate investment trust’s stock, valued at approximately $287,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CIM. Penserra Capital Management LLC purchased a new stake in shares of CHIMERA INVT CO/SH NEW in the first quarter valued at approximately $25,000. Executive Wealth Management LLC purchased a new stake in shares of CHIMERA INVT CO/SH NEW in the first quarter valued at approximately $28,000. Princeton Capital Management LLC lifted its holdings in CHIMERA INVT CO/SH NEW by 90.9% during the first quarter. Princeton Capital Management LLC now owns 2,772 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,320 shares during the period. Enlightenment Research LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the fourth quarter worth $80,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the first quarter worth $101,000. 51.93% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Nomura began coverage on CHIMERA INVT CO/SH NEW in a research report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $147.44 million during the quarter, compared to analysts’ expectations of $151.69 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.59% and a net margin of 21.84%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. On average, equities research analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.61%. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.
CHIMERA INVT CO/SH NEW Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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