Chimera Investment Corp. (NYSE:CIM) announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Friday, September 30th will be paid 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 is Wednesday, September 28th.

In other Chimera Investment Corp. news, COO Choudhary Yarlagadda acquired 2,305 shares of Chimera Investment Corp. stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of $16.10 per share, with a total value of $37,110.50. Following the completion of the purchase, the chief operating officer now directly owns 104,391 shares in the company, valued at approximately $1,680,695.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of CIM. Advisor Group Inc. purchased a new stake in shares of Chimera Investment Corp. during the second quarter worth approximately $159,000. HighTower Advisors LLC purchased a new stake in shares of Chimera Investment Corp. during the second quarter worth approximately $160,000. Profund Advisors LLC purchased a new stake in shares of Chimera Investment Corp. during the second quarter worth approximately $175,000. BBR Partners LLC boosted its stake in shares of Chimera Investment Corp. by 3.4% in the second quarter. BBR Partners LLC now owns 12,926 shares of the company’s stock worth $203,000 after buying an additional 425 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Chimera Investment Corp. during the second quarter worth approximately $226,000. 53.61% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on CIM shares. Zacks Investment Research raised Chimera Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, July 14th. Barclays PLC lifted their price target on Chimera Investment Corp. from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Credit Suisse Group AG reissued a “hold” rating and issued a $15.50 price target on shares of Chimera Investment Corp. in a research note on Friday, September 9th. Keefe, Bruyette & Woods lifted their price target on Chimera Investment Corp. from $14.00 to $15.50 and gave the company a “market perform” rating in a research note on Tuesday, August 9th. Finally, Deutsche Bank AG lifted their price target on Chimera Investment Corp. from $14.50 to $17.50 and gave the company a “hold” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chimera Investment Corp. has a consensus rating of “Hold” and an average target price of $16.58.

Shares of Chimera Investment Corp. (NYSE:CIM) opened at 16.52 on Friday. The firm 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 52-week low of $10.89 and a 52-week high of $16.98. The company has a 50 day moving average price of $16.37 and a 200-day moving average price of $15.26.

Chimera Investment Corp. (NYSE:CIM) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.51 earnings per share for the quarter, missing the 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 business earned $137.87 million during the quarter, compared to the consensus estimate of $134.42 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, analysts expect that Chimera Investment Corp. will post $2.23 earnings per share for the current fiscal year.

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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