MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 67,362 Shares of Chimera Investment Corporation $CIM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Chimera Investment Corporation by 8.7%, owning over 844,590 shares valued at approximately $10.8 million.
• Chimera Investment's stock is currently down by 0.9% and is priced at $14.51, having a market cap of $1.18 billion and a PE ratio of 11.51.
• Analysts have mixed opinions on Chimera Investment, with one giving a buy rating and two assigning a hold rating, leading to an average price target of $15.50.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 844,590 shares of the real estate investment trust's stock after buying an additional 67,362 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.04% of Chimera Investment worth $10,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in shares of Chimera Investment by 47.6% during the fourth quarter. Deutsche Bank AG now owns 69,741 shares of the real estate investment trust's stock valued at $976,000 after buying an additional 22,476 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in Chimera Investment by 50.0% during the first quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the real estate investment trust's stock valued at $1,924,000 after purchasing an additional 50,000 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Chimera Investment by 18.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 2,730 shares during the period. Northern Trust Corp lifted its position in Chimera Investment by 9.6% during the fourth quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock valued at $11,212,000 after purchasing an additional 70,362 shares during the period. Finally, Bank of America Corp DE lifted its position in Chimera Investment by 18.5% during the fourth quarter. Bank of America Corp DE now owns 115,959 shares of the real estate investment trust's stock valued at $1,623,000 after purchasing an additional 18,075 shares during the period. Hedge funds and other institutional investors own 48.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CIM. Keefe, Bruyette & Woods lowered their price objective 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 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. Finally, Wall Street Zen downgraded shares of Chimera Investment from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.50.

Chimera Investment Stock Performance

CIM traded down $0.26 during trading on Friday, hitting $14.17. The company's stock had a trading volume of 468,344 shares, compared to its average volume of 470,606. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment Corporation has a one year low of $9.85 and a one year high of $16.89. The firm has a market cap of $1.15 billion, a PE ratio of 11.24 and a beta of 1.85. The business's 50 day simple moving average is $13.94 and its 200-day simple moving average is $13.33.

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 for the quarter, missing the consensus estimate of $0.46 by ($0.07). Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The business had revenue of $66.01 million during the quarter, compared to the consensus estimate of $83.89 million. As a group, sell-side analysts predict that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

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.