Nomura Asset Management Co. Ltd. increased its stake in Chimera Investment Corporation (NYSE:CIM) by 23.6% during the first quarter, Holdings Channel reports. The institutional investor owned 36,100 shares of the real estate investment trust’s stock after buying an additional 6,900 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Chimera Investment Corporation were worth $728,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Credit Agricole S A bought a new position in Chimera Investment Corporation during the fourth quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chimera Investment Corporation by 80.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,869 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 3,519 shares in the last quarter. Sit Investment Associates Inc. raised its position in Chimera Investment Corporation by 143.6% in the first quarter. Sit Investment Associates Inc. now owns 9,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,600 shares in the last quarter. Snow Capital Management LP bought a new position in Chimera Investment Corporation during the first quarter valued at approximately $201,000. Finally, National Asset Management Inc. bought a new position in Chimera Investment Corporation during the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 55.66% of the company’s stock.

Shares of Chimera Investment Corporation (NYSE:CIM) opened at 18.65 on Monday. Chimera Investment Corporation has a 12 month low of $14.70 and a 12 month high of $20.90. The firm has a market capitalization of $3.50 billion, a P/E ratio of 5.62 and a beta of 0.93. The company’s 50 day moving average price is $18.75 and its 200-day moving average price is $18.76.

Chimera Investment Corporation (NYSE:CIM) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Chimera Investment Corporation had a return on equity of 14.14% and a net margin of 64.18%. The business had revenue of $141.11 million for the quarter, compared to analysts’ expectations of $140.90 million. During the same quarter last year, the company posted $0.58 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Chimera Investment Corporation will post $2.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 annualized dividend and a yield of 10.72%. Chimera Investment Corporation’s dividend payout ratio (DPR) is presently 60.24%.

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Several research firms have recently commented on CIM. Zacks Investment Research upgraded Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub lowered Chimera Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC set a $17.00 price target on Chimera Investment Corporation and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine upgraded Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.75.

Chimera Investment Corporation Company Profile

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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