Cambridge Investment Research Advisors Inc. bought a new position in Chimera Investment Corporation (NYSE:CIM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,519 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Chimera Investment Corporation by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 485 shares during the period. Winslow Evans & Crocker Inc. acquired a new stake in shares of Chimera Investment Corporation during the second quarter valued at approximately $189,000. Snow Capital Management LP acquired a new stake in shares of Chimera Investment Corporation during the first quarter valued at approximately $201,000. Wedbush Securities Inc. raised its holdings in shares of Chimera Investment Corporation by 3.8% during the second quarter. Wedbush Securities Inc. now owns 10,893 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 399 shares during the period. Finally, National Asset Management Inc. acquired a new stake in shares of Chimera Investment Corporation during the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 52.19% of the company’s stock.

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Shares of Chimera Investment Corporation (NYSE CIM) opened at 19.37 on Thursday. Chimera Investment Corporation has a 12-month low of $14.70 and a 12-month high of $20.90. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 5.57 and a beta of 0.90. The stock’s 50 day moving average is $18.99 and its 200-day moving average is $19.17.

Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The firm had revenue of $150.70 million during the quarter, compared to analyst estimates of $149.75 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts anticipate that Chimera Investment Corporation will post $2.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.33%. Chimera Investment Corporation’s dividend payout ratio is 57.31%.

CIM has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Deutsche Bank AG boosted their price target on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

About Chimera Investment Corporation

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.

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

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