Simplicity Wealth LLC Invests $940,000 in Chimera Investment Corporation $CIM

Simplicity Wealth LLC purchased a new stake in Chimera Investment Corporation (NYSE:CIM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 70,482 shares of the real estate investment trust’s stock, valued at approximately $940,000. Simplicity Wealth LLC owned 0.08% of Chimera Investment as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CIM. Global Retirement Partners LLC acquired a new stake in Chimera Investment during the 2nd quarter worth about $79,000. IFP Advisors Inc boosted its position in Chimera Investment by 1,211.4% during the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 5,742 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 3,423 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Chimera Investment by 59.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 2,857 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Chimera Investment in the 4th quarter worth about $105,000. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings downgraded shares of Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods cut their price target on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 price objective on shares of Chimera Investment in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

Chimera Investment Stock Performance

NYSE CIM opened at $11.81 on Monday. Chimera Investment Corporation has a twelve month low of $11.46 and a twelve month high of $14.88. The stock has a market cap of $988.62 million, a P/E ratio of -11.58 and a beta of 1.67. The company’s 50-day simple moving average is $12.86 and its 200 day simple moving average is $13.10. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 2.34.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.08). Chimera Investment had a return on equity of 9.82% and a net margin of 0.14%.The company had revenue of $94.77 million for the quarter, compared to the consensus estimate of $95.30 million.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 15.2%. Chimera Investment’s dividend payout ratio (DPR) is presently -176.47%.

About Chimera Investment

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.