Chimera Investment (NYSE:CIM) Stock Sees Heavy Call Option Buying

Chimera Investment Corporation (NYSE:CIM) saw unusually large options trading activity on Monday. Stock traders acquired 20,093 call options on the stock. This is an increase of approximately 2,881% compared to the average daily volume of 674 call options.

Institutional Investors Weigh In On Chimera Investment

A number of institutional investors have recently modified their holdings of CIM. BlackRock Inc. grew its holdings in shares of Chimera Investment by 9.5% during the 2nd quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock valued at $104,787,000 after acquiring an additional 681,996 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Chimera Investment by 82.0% during the first quarter. First Trust Advisors LP now owns 543,101 shares of the real estate investment trust’s stock worth $6,816,000 after acquiring an additional 244,763 shares in the last quarter. State Street Corp raised its holdings in shares of Chimera Investment by 7.8% during the second quarter. State Street Corp now owns 2,029,275 shares of the real estate investment trust’s stock worth $27,957,000 after acquiring an additional 147,629 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Chimera Investment by 6.9% during the second quarter. Allianz Asset Management GmbH now owns 2,274,507 shares of the real estate investment trust’s stock valued at $30,342,000 after purchasing an additional 147,119 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Chimera Investment by 20,243.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,661 shares of the real estate investment trust’s stock valued at $1,943,000 after purchasing an additional 144,945 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CIM shares. Keefe, Bruyette & Woods reduced their price objective on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chimera Investment currently has an average rating of “Hold” and an average price target of $14.50.

Chimera Investment Trading Down 3.4%

Chimera Investment stock traded down $0.28 during midday trading on Monday, reaching $8.12. The stock had a trading volume of 1,093,474 shares, compared to its average volume of 892,946. The firm’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $12.30. Chimera Investment has a twelve month low of $8.11 and a twelve month high of $14.18. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $679.31 million, a price-to-earnings ratio of -7.96 and a beta of 1.72.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The business had revenue of $94.77 million during the quarter, compared to analyst estimates of $95.30 million. Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 22.2%. The ex-dividend date is Wednesday, September 30th. Chimera Investment’s dividend payout ratio is currently -176.47%.

About Chimera Investment

Chimera Investment Corporation is a real estate investment trust (REIT) focused on investing in residential mortgage assets. The company seeks to generate income primarily through a portfolio of mortgage loans and mortgage-backed securities, including agency and non-agency residential mortgage-backed securities.

Its investments may include performing and non-performing residential mortgage loans, residential mortgage-backed securities and other mortgage-related assets. Agency securities are generally backed by government-sponsored enterprises or U.S.