Chimera Investment Corp. (NYSE:CIM) declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Friday, September 30th will be given a dividend of 0.48 per share on Thursday, October 27th. This represents a $1.92 annualized dividend and a yield of 11.62%. The ex-dividend date of this dividend is Wednesday, September 28th.

Several research analysts recently weighed in on the company. Credit Suisse Group AG reissued a “hold” rating and set a $15.50 price target on shares of Chimera Investment Corp. in a research report on Friday, September 9th. Barclays PLC upped their price target on Chimera Investment Corp. from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Nomura reissued a “buy” rating and set a $18.00 price target (up from $17.00) on shares of Chimera Investment Corp. in a research report on Wednesday, August 10th. Keefe, Bruyette & Woods upped their price target on Chimera Investment Corp. from $14.00 to $15.50 and gave the company a “market perform” rating in a research report on Tuesday, August 9th. Finally, Deutsche Bank AG upped their price target on Chimera Investment Corp. from $14.50 to $17.50 and gave the company a “hold” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.58.

Shares of Chimera Investment Corp. (NYSE:CIM) opened at 16.52 on Friday. The company has a market cap of $3.10 billion, a P/E ratio of 14.05 and a beta of 0.82. Chimera Investment Corp. has a 1-year low of $10.89 and a 1-year high of $16.98. The stock’s 50 day moving average price is $16.37 and its 200 day moving average price is $15.26.

Chimera Investment Corp. (NYSE:CIM) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Chimera Investment Corp. had a return on equity of 13.50% and a net margin of 26.83%. The company earned $137.87 million during the quarter, compared to the consensus estimate of $134.42 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts forecast that Chimera Investment Corp. will post $2.23 earnings per share for the current year.

In related news, COO Choudhary Yarlagadda purchased 2,305 shares of Chimera Investment Corp. stock in a transaction dated Friday, September 9th. The shares were acquired at an average cost of $16.10 per share, for a total transaction of $37,110.50. Following the transaction, the chief operating officer now directly owns 104,391 shares of the company’s stock, valued at $1,680,695.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Chimera Investment Corp. by 17.6% in the second quarter. BlackRock Fund Advisors now owns 6,059,351 shares of the company’s stock valued at $95,132,000 after buying an additional 906,910 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Chimera Investment Corp. by 175.3% in the second quarter. Martingale Asset Management L P now owns 1,066,852 shares of the company’s stock valued at $16,750,000 after buying an additional 679,281 shares during the last quarter. Cipher Capital LP acquired a new stake in shares of Chimera Investment Corp. during the second quarter valued at approximately $3,286,000. Analytic Investors LLC increased its stake in shares of Chimera Investment Corp. by 24.4% in the second quarter. Analytic Investors LLC now owns 924,422 shares of the company’s stock valued at $14,513,000 after buying an additional 181,393 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Chimera Investment Corp. by 35.4% in the second quarter. FMR LLC now owns 487,686 shares of the company’s stock valued at $7,657,000 after buying an additional 127,506 shares during the last quarter. 53.61% of the stock is currently owned by institutional investors and hedge funds.

About Chimera Investment Corp.

Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.

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