Advisors Asset Management Inc. Has $12.51 Million Position in Chimera Investment Corporation (CIM)

Advisors Asset Management Inc. decreased its position in shares of Chimera Investment Corporation (NYSE:CIM) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 661,408 shares of the real estate investment trust’s stock after selling 55,569 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.35% of Chimera Investment Corporation worth $12,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Chimera Investment Corporation by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 341 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Chimera Investment Corporation by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 485 shares in the last quarter. Ffcm LLC lifted its stake in shares of Chimera Investment Corporation by 99.8% during the 2nd quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 4,840 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Chimera Investment Corporation by 3.3% during the 2nd quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 326 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of Chimera Investment Corporation by 3.8% during the 2nd quarter. Wedbush Securities Inc. now owns 10,893 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 399 shares in the last quarter. Institutional investors own 50.80% of the company’s stock.

Shares of Chimera Investment Corporation (CIM) traded up $0.15 during midday trading on Friday, reaching $18.17. 793,300 shares of the company’s stock were exchanged, compared to its average volume of 1,349,091. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market cap of $3,440.00, a P/E ratio of 7.57 and a beta of 0.92. Chimera Investment Corporation has a one year low of $16.41 and a one year high of $20.90.

Chimera Investment Corporation (NYSE:CIM) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $156.46 million for the quarter, compared to the consensus estimate of $150.29 million. Chimera Investment Corporation had a net margin of 58.21% and a return on equity of 13.29%. Chimera Investment Corporation’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. equities analysts anticipate that Chimera Investment Corporation will post 2.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.01%. Chimera Investment Corporation’s dividend payout ratio (DPR) is presently 61.54%.

A number of research analysts recently weighed in on CIM shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 target price on shares of Chimera Investment Corporation in a research note on Friday, October 6th. BidaskClub upgraded shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Deutsche Bank AG lifted their price target on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Barclays PLC set a $18.00 price target on shares of Chimera Investment Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Chimera Investment Corporation has an average rating of “Hold” and an average price target of $18.83.

In other Chimera Investment Corporation news, insider Mohit Marria bought 6,625 shares of Chimera Investment Corporation stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $17.89 per share, for a total transaction of $118,521.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

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About Chimera Investment Corporation

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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Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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