AlphaQuest LLC Grows Stock Position in Chimera Investment Corporation $CIM

Key Points

• AlphaQuest LLC significantly increased its holdings in Chimera Investment Corporation by 2,312.3%, owning 26,825 shares following an acquisition of 25,713 shares, valued at approximately $344,000.
• Several institutional investors, including LSV Asset Management and Allianz Asset Management, also raised their stakes in Chimera Investment during the first quarter, reflecting growing interest in the company.
• Chimera Investment reported a missed earnings estimate of $0.39 per share for the latest quarter, below analysts' consensus of $0.46, along with a dividend yield of 10.6% and a payout ratio of 117.46%.

AlphaQuest LLC raised its stake in Chimera Investment Corporation (NYSE:CIM - Free Report) by 2,312.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,825 shares of the real estate investment trust's stock after purchasing an additional 25,713 shares during the period. AlphaQuest LLC's holdings in Chimera Investment were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Chimera Investment by 7.1% during the 4th quarter. Invesco Ltd. now owns 115,228 shares of the real estate investment trust's stock worth $1,613,000 after acquiring an additional 7,604 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Chimera Investment during the fourth quarter worth $649,000. Barclays PLC increased its position in shares of Chimera Investment by 12.4% during the fourth quarter. Barclays PLC now owns 206,059 shares of the real estate investment trust's stock worth $2,885,000 after purchasing an additional 22,764 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Chimera Investment in the 4th quarter worth $245,000. Finally, MetLife Investment Management LLC increased its position in Chimera Investment by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 49,231 shares of the real estate investment trust's stock valued at $689,000 after buying an additional 2,694 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CIM. 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 research report on Thursday, July 10th. UBS Group increased their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Wall Street Zen downgraded shares of Chimera Investment from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Chimera Investment has a consensus rating of "Hold" and a consensus price target of $15.50.

Chimera Investment Stock Performance

Shares of CIM traded up $0.19 during trading hours on Monday, hitting $14.19. The stock had a trading volume of 374,677 shares, compared to its average volume of 484,258. The firm has a 50-day moving average price of $13.86 and a 200 day moving average price of $13.29. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.26 and a beta of 1.85. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14.

Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.07). The firm had revenue of $66.01 million during the quarter, compared to analysts' expectations of $83.89 million. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. As a group, research analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.4%. Chimera Investment's dividend payout ratio (DPR) is currently 117.46%.

Chimera Investment Company 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.