Graham Capital Management L.P. Buys 22,048 Shares of Chimera Investment Corporation $CIM

Key Points

• Graham Capital Management L.P. increased its stake in Chimera Investment Corporation by 29.1%, owning 97,838 shares valued at $1,255,000 as of the latest filing.
• Chimera Investment recently missed analyst earnings estimates, reporting $0.39 EPS against a consensus of $0.46, and generated $66.01 million in revenue for the quarter.
• The company declared a quarterly dividend of $0.37, reflecting a dividend yield of 10.4% with a payout ratio of 117.46%.

Graham Capital Management L.P. boosted its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,838 shares of the real estate investment trust's stock after acquiring an additional 22,048 shares during the quarter. Graham Capital Management L.P. owned 0.12% of Chimera Investment worth $1,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of Chimera Investment by 306.2% during the 1st quarter. LSV Asset Management now owns 1,419,535 shares of the real estate investment trust's stock worth $18,213,000 after buying an additional 1,070,034 shares in the last quarter. Nuveen LLC bought a new stake in Chimera Investment in the first quarter valued at about $2,703,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Chimera Investment by 671.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust's stock valued at $2,115,000 after acquiring an additional 143,500 shares during the period. Allianz Asset Management GmbH raised its holdings in Chimera Investment by 9.7% during the first quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust's stock worth $16,158,000 after purchasing an additional 111,458 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Chimera Investment by 5,110.0% in the first quarter. Russell Investments Group Ltd. now owns 104,357 shares of the real estate investment trust's stock valued at $1,339,000 after buying an additional 102,354 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.

Chimera Investment Trading Down 0.8%

Shares of NYSE CIM traded down $0.13 during mid-day trading on Monday, reaching $14.62. The company had a trading volume of 477,662 shares, compared to its average volume of 565,626. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $16.89. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.58 and a beta of 1.85. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 4.47. The business's 50-day moving average is $13.91 and its 200-day moving average is $13.30.

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

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.1%. Chimera Investment's payout ratio is presently 117.46%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Chimera Investment from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods lowered their price target 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. Finally, UBS Group raised their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $15.50.

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.