Renaissance Technologies LLC boosted its holdings in CHIMERA Invt Co/SH NEW (NYSE:CIM) by 442.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424,870 shares of the real estate investment trust’s stock after acquiring an additional 346,510 shares during the quarter. Renaissance Technologies LLC’s holdings in CHIMERA Invt Co/SH NEW were worth $7,767,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of CHIMERA Invt Co/SH NEW in the 1st quarter worth $211,000. Northern Trust Corp lifted its holdings in shares of CHIMERA Invt Co/SH NEW by 6.7% in the 1st quarter. Northern Trust Corp now owns 1,717,063 shares of the real estate investment trust’s stock worth $29,895,000 after buying an additional 107,634 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of CHIMERA Invt Co/SH NEW by 3,752.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 117,358 shares of the real estate investment trust’s stock worth $2,043,000 after buying an additional 114,312 shares during the period. Sei Investments Co. lifted its holdings in shares of CHIMERA Invt Co/SH NEW by 13.3% in the 1st quarter. Sei Investments Co. now owns 31,352 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 3,676 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of CHIMERA Invt Co/SH NEW by 4.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 91,100 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 3,760 shares during the period. 47.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of CIM stock opened at $17.63 on Tuesday. CHIMERA Invt Co/SH NEW has a twelve month low of $15.77 and a twelve month high of $19.35. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 7.53 and a beta of 0.56. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.02 and a quick ratio of 0.02.
CHIMERA Invt Co/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. CHIMERA Invt Co/SH NEW had a return on equity of 12.60% and a net margin of 50.23%. The business had revenue of $145.17 million during the quarter, compared to analysts’ expectations of $146.90 million. During the same period in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities analysts forecast that CHIMERA Invt Co/SH NEW will post 2.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.34%. The ex-dividend date is Thursday, September 27th. CHIMERA Invt Co/SH NEW’s dividend payout ratio (DPR) is currently 85.47%.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut CHIMERA Invt Co/SH NEW from a “hold” rating to a “sell” rating in a report on Monday, September 10th. Deutsche Bank cut CHIMERA Invt Co/SH NEW from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a report on Thursday, August 2nd. Finally, Royal Bank of Canada assumed coverage on CHIMERA Invt Co/SH NEW in a report on Friday, June 15th. They issued an “outperform” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. CHIMERA Invt Co/SH NEW currently has an average rating of “Hold” and an average price target of $19.00.
CHIMERA Invt Co/SH NEW Company 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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