Natixis Advisors LLC Acquires 27,190 Shares of Chimera Investment Co. (NYSE:CIM)

Natixis Advisors LLC lifted its holdings in Chimera Investment Co. (NYSE:CIM) by 46.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,996 shares of the real estate investment trust’s stock after buying an additional 27,190 shares during the period. Natixis Advisors LLC owned about 0.11% of Chimera Investment worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment during the third quarter valued at approximately $158,000. Atria Investments Inc increased its holdings in Chimera Investment by 32.8% during the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 4,110 shares during the period. Leeward Investments LLC MA raised its position in Chimera Investment by 1.7% during the 3rd quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock valued at $13,613,000 after purchasing an additional 14,622 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings 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 worth $220,000 after buying an additional 1,719 shares during the period. Finally, Cadent Capital Advisors LLC grew its position in shares of Chimera Investment by 12.9% during the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after buying an additional 30,393 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Trading Down 0.6 %

Shares of CIM stock opened at $14.82 on Wednesday. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 4.50 and a beta of 1.73. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The stock has a 50 day simple moving average of $15.42 and a 200-day simple moving average of $14.62.

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

Chimera Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is currently 44.85%.

Analyst Ratings Changes

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