LSV Asset Management Sells 65,766 Shares of Chimera Investment Corporation $CIM

LSV Asset Management trimmed its stake in Chimera Investment Corporation (NYSE:CIM) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,457,669 shares of the real estate investment trust’s stock after selling 65,766 shares during the period. LSV Asset Management owned 1.80% of Chimera Investment worth $19,270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Chimera Investment by 1.8% in the second quarter. Geode Capital Management LLC now owns 1,915,000 shares of the real estate investment trust’s stock worth $26,564,000 after buying an additional 33,699 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Chimera Investment by 21.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock worth $22,095,000 after acquiring an additional 297,709 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Chimera Investment by 2.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,547,432 shares of the real estate investment trust’s stock worth $21,463,000 after acquiring an additional 35,425 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Chimera Investment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 916,858 shares of the real estate investment trust’s stock worth $12,717,000 after acquiring an additional 72,268 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in Chimera Investment by 206.1% during the second quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock valued at $10,566,000 after purchasing an additional 512,909 shares in the last quarter. 48.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Royal Bank Of Canada downgraded shares of Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 target price for the company. in a report on Tuesday, December 9th. UBS Group cut their price target on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Chimera Investment in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $14.04 on Friday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 8.02 and a beta of 1.84. The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $13.10. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $14.88. The company has a debt-to-equity ratio of 4.75, a quick ratio of 8.22 and a current ratio of 8.22.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. Chimera Investment had a net margin of 28.06% and a return on equity of 8.70%. The business had revenue of $72.01 million during the quarter, compared to the consensus estimate of $80.77 million. As a group, sell-side analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.45 per share. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 12.8%. Chimera Investment’s payout ratio is currently 102.86%.

Chimera Investment Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.