Tudor Investment Corp ET AL Acquires 82,883 Shares of Chimera Investment Corporation $CIM

Tudor Investment Corp ET AL lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 34.9% during the third quarter, HoldingsChannel reports. The firm owned 320,209 shares of the real estate investment trust’s stock after acquiring an additional 82,883 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Chimera Investment were worth $4,233,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Wedbush Securities Inc. lifted its holdings in shares of Chimera Investment by 3.2% in the third quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 917 shares in the last quarter. VSM Wealth Advisory LLC boosted its position in shares of Chimera Investment by 64.3% during the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 936 shares during the period. Cetera Investment Advisers grew its holdings in shares of Chimera Investment by 6.1% during the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 1,143 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Chimera Investment by 4.5% during the third quarter. Intech Investment Management LLC now owns 33,098 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 1,421 shares in the last quarter. Finally, Sei Investments Co. raised its position in Chimera Investment by 11.0% in the 2nd quarter. Sei Investments Co. now owns 21,182 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 2,107 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CIM has been the subject of a number of recent research reports. Weiss Ratings downgraded Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. 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 research report on Tuesday, December 9th. Finally, Wall Street Zen lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.50.

Chimera Investment Stock Up 1.7%

NYSE:CIM opened at $12.87 on Thursday. Chimera Investment Corporation has a twelve month low of $9.85 and a twelve month high of $14.88. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.36 and a beta of 1.80. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 2.71. The stock’s 50 day moving average price is $13.15 and its two-hundred day moving average price is $13.02.

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. The company had revenue of $72.01 million during the quarter, compared to the consensus estimate of $80.77 million. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%. Equities research 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 given a $0.45 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 14.0%. Chimera Investment’s payout ratio is 84.57%.

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.