Quarry LP Boosts Stock Position in Chimera Investment Co. (NYSE:CIM)

Quarry LP grew its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 1,188.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,203 shares of the real estate investment trust’s stock after buying an additional 2,032 shares during the period. Quarry LP’s holdings in Chimera Investment were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Symphony Financial Ltd. Co. acquired a new position in Chimera Investment in the first quarter valued at approximately $63,000. Cetera Advisors LLC purchased a new position in shares of Chimera Investment in the 1st quarter valued at $63,000. Public Employees Retirement System of Ohio acquired a new stake in Chimera Investment during the 1st quarter worth $72,000. Sound Income Strategies LLC purchased a new stake in Chimera Investment in the first quarter valued at $79,000. Finally, EntryPoint Capital LLC boosted its stake in Chimera Investment by 703.3% in the first quarter. EntryPoint Capital LLC now owns 19,208 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 16,817 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $15.02 on Tuesday. 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 Co. has a one year low of $11.28 and a one year high of $16.89. The company has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $14.05. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.82 and a beta of 1.73.

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

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 9.85%. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is presently 96.73%.

Analyst Ratings Changes

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

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.