Allianz Asset Management GmbH Has $16.16 Million Holdings in Chimera Investment Corporation (NYSE:CIM)

Key Points

• Allianz Asset Management GmbH has increased its holdings in Chimera Investment Corporation by 9.7%, owning 1,259,409 shares valued at approximately $16.16 million as reported in their latest SEC filing.
• Chimera Investment's quarterly earnings exceeded expectations, reporting $0.41 earnings per share against an estimated $0.38, although revenue fell short of expectations at $69.22 million.
• The company recently announced a $0.37 quarterly dividend, reflecting a 10.50% annualized yield with a dividend payout ratio of 98.67%.

Allianz Asset Management GmbH lifted its holdings in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,259,409 shares of the real estate investment trust's stock after purchasing an additional 111,458 shares during the period. Allianz Asset Management GmbH owned 1.56% of Chimera Investment worth $16,158,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CIM. Quarry LP lifted its holdings in shares of Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 3,062 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Chimera Investment by 8,728.6% during the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 3,666 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Chimera Investment during the fourth quarter worth $56,000. Summit Securities Group LLC acquired a new position in shares of Chimera Investment during the fourth quarter worth $111,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Chimera Investment during the first quarter worth $131,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CIM. UBS Group boosted their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.50.

Chimera Investment Price Performance

CIM stock opened at $14.10 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 9.40 and a beta of 1.74. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.93. Chimera Investment Corporation has a 12-month low of $9.85 and a 12-month high of $16.89. The company's fifty day simple moving average is $13.77 and its 200 day simple moving average is $13.43.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The firm had revenue of $69.22 million for the quarter, compared to analyst estimates of $72.07 million. On average, analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.50%. Chimera Investment's dividend payout ratio is currently 98.67%.

Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.

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