Bank of New York Mellon Corp Raises Holdings in Chimera Investment Co. (CIM)

Bank of New York Mellon Corp increased its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745,529 shares of the real estate investment trust’s stock after buying an additional 24,570 shares during the quarter. Bank of New York Mellon Corp owned 0.40% of Chimera Investment worth $14,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Chimera Investment by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chimera Investment by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 485 shares during the period. Ffcm LLC raised its holdings in Chimera Investment by 99.8% in the 2nd quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 4,840 shares during the period. Synovus Financial Corp raised its holdings in Chimera Investment by 3.3% in the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 326 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Chimera Investment in the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 50.67% of the company’s stock.

A number of equities analysts have commented on CIM shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.50 target price on shares of Chimera Investment in a report on Friday, October 6th. Zacks Investment Research lowered Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Finally, Barclays set a $18.00 price objective on Chimera Investment and gave the stock a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Chimera Investment currently has an average rating of “Hold” and an average price target of $18.83.

In other Chimera Investment news, CIO Mohit Marria purchased 3,000 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were bought at an average cost of $25.82 per share, for a total transaction of $77,460.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is currently owned by company insiders.

Chimera Investment Co. (CIM) traded up $0.04 on Friday, hitting $18.09. The stock had a trading volume of 1,036,183 shares, compared to its average volume of 1,120,000. Chimera Investment Co. has a 1-year low of $17.16 and a 1-year high of $20.90. The stock has a market capitalization of $3,400.00, a price-to-earnings ratio of 5.57 and a beta of 0.91. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $156.46 million during the quarter, compared to analyst estimates of $150.29 million. Chimera Investment had a return on equity of 13.29% and a net margin of 58.21%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. research analysts expect that Chimera Investment Co. will post 2.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.06%. The ex-dividend date is Thursday, December 28th. Chimera Investment’s payout ratio is currently 61.54%.

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Chimera Investment 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.

Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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