15,187 Shares in Chimera Investment Co. (NYSE:CIM) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Chimera Investment Co. (NYSE:CIM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,187 shares of the real estate investment trust’s stock, valued at approximately $240,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 boosted its position in Chimera Investment by 1.0% in the 1st quarter. Leeward Investments LLC MA now owns 2,752,707 shares of the real estate investment trust’s stock valued at $12,690,000 after buying an additional 27,077 shares during the period. Advisors Asset Management Inc. boosted its position in Chimera Investment by 7.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,123,440 shares of the real estate investment trust’s stock valued at $9,789,000 after buying an additional 142,621 shares during the period. Van ECK Associates Corp boosted its position in Chimera Investment by 8.6% in the 1st quarter. Van ECK Associates Corp now owns 1,511,412 shares of the real estate investment trust’s stock valued at $6,968,000 after buying an additional 119,648 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Chimera Investment by 3.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,447,304 shares of the real estate investment trust’s stock valued at $6,672,000 after buying an additional 44,364 shares during the period. 48.44% of the stock is owned by hedge funds and other institutional investors.

Chimera Investment Price Performance

Shares of CIM opened at $15.70 on Tuesday. The company has a 50 day moving average price of $15.54 and a 200-day moving average price of $14.19. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The stock has a market capitalization of $1.26 billion, a PE ratio of 10.26 and a beta of 1.73. The company has a debt-to-equity ratio of 3.75, a quick ratio of 4.43 and a current ratio of 4.43.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. The firm had revenue of $186.72 million during the quarter, compared to analysts’ expectations of $66.50 million. During the same quarter in the prior year, the company earned $0.36 EPS. Equities analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s payout ratio is 96.73%.

Wall Street Analyst Weigh In

CIM has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

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.