Allianz Asset Management GmbH Boosts Holdings in Chimera Investment Corporation $CIM

Allianz Asset Management GmbH boosted its holdings in Chimera Investment Corporation (NYSE:CIM - Free Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,274,507 shares of the real estate investment trust's stock after acquiring an additional 147,119 shares during the period. Allianz Asset Management GmbH owned 2.72% of Chimera Investment worth $30,342,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Nykredit A S purchased a new stake in shares of Chimera Investment in the 2nd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio purchased a new position in shares of Chimera Investment during the second quarter worth $60,000. Global Retirement Partners LLC purchased a new position in shares of Chimera Investment during the second quarter worth $79,000. IFP Advisors Inc grew its stake in shares of Chimera Investment by 1,211.4% in the fourth quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust's stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Chimera Investment by 92.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 3,423 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CIM. Royal Bank Of Canada reiterated a "sector perform" rating and set a $14.00 price target on shares of Chimera Investment in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Chimera Investment from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Weiss Ratings upgraded shares of Chimera Investment from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Chimera Investment from $15.00 to $14.00 and set a "market perform" rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chimera Investment has a consensus rating of "Hold" and an average target price of $14.50.

Chimera Investment Trading Up 0.3%

CIM opened at $11.67 on Tuesday. The business has a fifty day moving average price of $12.29 and a 200 day moving average price of $12.96. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.07 and a quick ratio of 0.07. Chimera Investment Corporation has a 12 month low of $11.30 and a 12 month high of $14.88. The stock has a market capitalization of $976.90 million, a price-to-earnings ratio of -11.44 and a beta of 1.66.

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

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 15.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Chimera Investment's payout ratio is -176.47%.

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.

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