D.A. Davidson & CO. Boosts Stock Holdings in Chimera Investment Co. (NYSE:CIM)

D.A. Davidson & CO. lifted its position in shares of Chimera Investment Co. (NYSE:CIM) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,118 shares of the real estate investment trust’s stock after acquiring an additional 7,274 shares during the period. D.A. Davidson & CO. owned approximately 0.08% of Chimera Investment worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of 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 worth $106,526,000 after purchasing an additional 459,838 shares in the last quarter. Leeward Investments LLC MA boosted its position in shares of Chimera Investment by 1.7% during the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock valued at $13,613,000 after buying an additional 14,622 shares during the last quarter. Cadent Capital Advisors LLC increased its holdings in Chimera Investment by 12.9% in 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. Price T Rowe Associates Inc. MD raised its position in 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 worth $873,000 after buying an additional 8,656 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Chimera Investment by 6.4% during the 3rd quarter. Algert Global LLC now owns 123,380 shares of the real estate investment trust’s stock valued at $1,953,000 after acquiring an additional 7,460 shares during the period. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CIM has been the subject of a number of research analyst reports. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th.

Chimera Investment Trading Down 1.0 %

Chimera Investment stock opened at $14.84 on Monday. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89. The company has a market cap of $1.20 billion, a P/E ratio of 4.50 and a beta of 1.73. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The business has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $14.65.

Chimera Investment (NYSE:CIM) last announced its earnings results 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). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The business had revenue of $195.30 million for the quarter, compared to the consensus estimate of $69.90 million. During the same quarter last year, the firm posted $0.39 earnings per share. Analysts predict that Chimera Investment Co. will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.97%. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, September 30th. 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.