Chimera Investment Corporation (NYSE:CIM) Short Interest Up 23.6% in January

Chimera Investment Corporation (NYSE:CIM) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,202,204 shares, a growth of 23.6% from the January 15th total of 1,782,428 shares. Based on an average trading volume of 798,025 shares, the short-interest ratio is presently 2.8 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 798,025 shares, the short-interest ratio is presently 2.8 days.

Chimera Investment Stock Down 2.7%

Shares of CIM opened at $13.70 on Wednesday. The business’s fifty day moving average price is $12.86 and its two-hundred day moving average price is $13.10. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.83 and a beta of 1.84. Chimera Investment has a 52 week low of $9.85 and a 52 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 issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $72.01 million for the quarter, compared to analyst estimates of $80.77 million. Chimera Investment had a return on equity of 8.70% and a net margin of 28.06%. On average, analysts predict that Chimera Investment will post 1.57 earnings per share for the current year.

Chimera Investment Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid 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 annualized dividend and a dividend yield of 13.1%. Chimera Investment’s payout ratio is 84.57%.

Hedge Funds Weigh In On Chimera Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC raised its position in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 936 shares during the last quarter. GAMMA Investing LLC increased its holdings in Chimera Investment by 864.7% in the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 2,862 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Chimera Investment in the third quarter valued at about $54,000. CWM LLC boosted its holdings in Chimera Investment by 508.4% during the second quarter. CWM LLC now owns 5,196 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 4,342 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Chimera Investment by 1,211.4% during the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 5,742 shares during the period. 48.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CIM. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chimera Investment in a report on Monday, December 29th. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group reduced their target price on Chimera Investment from $16.00 to $15.50 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada lowered Chimera Investment from an “outperform” rating to a “sector perform” rating and set a $13.00 price target on the stock. in a research report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.50.

About Chimera Investment

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.