Bank of America Corp DE cut its position in Chimera Investment Corporation (NYSE:CIM) by 36.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 256,008 shares of the real estate investment trust’s stock after selling 147,428 shares during the period. Bank of America Corp DE owned about 0.14% of Chimera Investment Corporation worth $5,166,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Glen Harbor Capital Management LLC boosted its stake in shares of Chimera Investment Corporation by 266.7% in the first quarter. Glen Harbor Capital Management LLC now owns 39,248 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 28,544 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of Chimera Investment Corporation by 143.6% in the first quarter. Sit Investment Associates Inc. now owns 9,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,600 shares during the period. IFC Holdings Incorporated FL boosted its stake in shares of Chimera Investment Corporation by 37.3% in the first quarter. IFC Holdings Incorporated FL now owns 16,838 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 4,571 shares during the period. Sigma Planning Corp boosted its stake in shares of Chimera Investment Corporation by 8.2% in the first quarter. Sigma Planning Corp now owns 15,206 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 1,154 shares during the period. Finally, Navellier & Associates Inc purchased a new stake in shares of Chimera Investment Corporation during the first quarter valued at about $479,000. 55.30% of the stock is currently owned by institutional investors.
Shares of Chimera Investment Corporation (NYSE CIM) opened at 18.60 on Monday. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90. The stock has a market capitalization of $3.49 billion, a PE ratio of 5.60 and a beta of 0.93. The stock’s 50 day moving average price is $18.92 and its 200 day moving average price is $18.95.
Chimera Investment Corporation (NYSE:CIM) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.07. The firm had revenue of $141.11 million during the quarter, compared to analyst estimates of $140.90 million. Chimera Investment Corporation had a return on equity of 14.14% and a net margin of 64.18%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that Chimera Investment Corporation will post $2.39 EPS for the current fiscal year.
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Several analysts have recently issued reports on the company. Zacks Investment Research raised Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC set a $17.00 price objective on Chimera Investment Corporation and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.75.
Chimera Investment Corporation Company Profile
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.
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