Chimera Investment Co. (NYSE:CIM) Short Interest Update

Chimera Investment Co. (NYSE:CIM) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,690,000 shares, a drop of 14.2% from the October 31st total of 1,970,000 shares. Based on an average trading volume of 508,200 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.1% of the shares of the stock are sold short.

Chimera Investment Trading Down 0.3 %

Shares of CIM opened at $14.80 on Tuesday. Chimera Investment has a 52-week low of $11.28 and a 52-week high of $16.89. The stock has a market cap of $1.20 billion, a PE ratio of 4.50 and a beta of 1.73. The firm’s fifty day moving average is $15.30 and its two-hundred day moving average is $14.66. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data 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 analysts’ expectations of $69.90 million. During the same period in the prior year, the company posted $0.39 EPS. Research analysts forecast that Chimera Investment will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.37 per share. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.00%. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Institutional Trading of Chimera Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in Chimera Investment in the first quarter worth approximately $63,000. Harbour Investments Inc. purchased a new position in shares of Chimera Investment during the 2nd quarter worth $796,000. Quarry LP increased its position in shares of Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 2,032 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Chimera Investment by 121.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 30,028 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 16,482 shares during the period. Finally, Marshall Wace LLP acquired a new position in Chimera Investment in the second quarter valued at about $217,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on CIM shares. Keefe, Bruyette & Woods lifted their target price 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 lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

About Chimera Investment

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.