Atria Investments Inc Has $264,000 Holdings in Chimera Investment Co. (NYSE:CIM)

Atria Investments Inc increased its position in shares of Chimera Investment Co. (NYSE:CIM) by 32.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,654 shares of the real estate investment trust’s stock after purchasing an additional 4,110 shares during the period. Atria Investments Inc’s holdings in Chimera Investment were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIM. Vanguard Group Inc. increased its holdings in Chimera Investment by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock valued at $106,526,000 after buying an additional 459,838 shares during the period. Leeward Investments LLC MA raised its position in Chimera Investment by 1.7% in the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock worth $13,613,000 after purchasing an additional 14,622 shares in the last quarter. Cadent Capital Advisors LLC lifted its stake in Chimera Investment by 12.9% during the third quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after purchasing an additional 30,393 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Chimera Investment by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 189,305 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 8,656 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Chimera Investment in the 1st quarter valued at approximately $648,000. 48.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th.

Chimera Investment Stock Performance

NYSE CIM opened at $14.67 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 4.44 and a beta of 1.73. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89. The company has a 50 day moving average of $15.46 and a 200-day moving average of $14.58.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, equities analysts forecast that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.37 per share. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 10.09%. Chimera Investment’s dividend payout ratio is 44.85%.

Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.