Intech Investment Management LLC Buys Shares of 20,194 Chimera Investment Co. (NYSE:CIM)

Intech Investment Management LLC purchased a new stake in shares of Chimera Investment Co. (NYSE:CIM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 20,194 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moloney Securities Asset Management LLC increased its stake in shares of Chimera Investment by 14.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,719 shares in the last quarter. Quarry LP increased its stake in shares of Chimera Investment by 1,188.3% in the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 2,032 shares in the last quarter. Atria Investments Inc increased its stake in shares of Chimera Investment by 32.8% in the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 4,110 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Chimera Investment in the 3rd quarter valued at $65,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Chimera Investment by 4.8% in the 1st 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 acquiring an additional 8,656 shares in the last quarter. 48.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CIM shares. Keefe, Bruyette & Woods boosted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $14.73 on Thursday. The company’s 50-day moving average is $15.24 and its 200 day moving average is $14.67. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03. The company has a market capitalization of $1.19 billion, a P/E ratio of 4.45 and a beta of 1.71. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89.

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

Chimera Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 10.05%. Chimera Investment’s dividend payout ratio is 44.85%.

Chimera Investment Company 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.