MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in 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. increased its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 844,590 shares of the real estate investment trust's stock after acquiring an additional 67,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.04% of Chimera Investment worth $10,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Almitas Capital LLC acquired a new stake in Chimera Investment during the first quarter worth about $858,000. Graham Capital Management L.P. grew its holdings in Chimera Investment by 29.1% in the first quarter. Graham Capital Management L.P. now owns 97,838 shares of the real estate investment trust's stock valued at $1,255,000 after purchasing an additional 22,048 shares during the period. Pale Fire Capital SE grew its holdings in Chimera Investment by 39.2% in the first quarter. Pale Fire Capital SE now owns 207,620 shares of the real estate investment trust's stock valued at $2,664,000 after purchasing an additional 58,429 shares during the period. AlphaQuest LLC grew its holdings in Chimera Investment by 2,312.3% in the first quarter. AlphaQuest LLC now owns 26,825 shares of the real estate investment trust's stock valued at $344,000 after purchasing an additional 25,713 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Chimera Investment by 12.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 92,876 shares of the real estate investment trust's stock valued at $1,192,000 after purchasing an additional 10,196 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Shares of NYSE:CIM traded up $0.03 during trading on Monday, reaching $14.20. The stock had a trading volume of 100,864 shares, compared to its average volume of 563,837. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14. The business has a fifty day moving average price of $13.94 and a 200-day moving average price of $13.32. The stock has a market cap of $1.15 billion, a PE ratio of 11.27 and a beta of 1.85. Chimera Investment Corporation has a 1-year low of $9.85 and a 1-year high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last issued 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 firm had revenue of $66.01 million during the quarter, compared to analyst estimates of $83.89 million. Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%. On average, equities analysts forecast that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CIM shares. Keefe, Bruyette & Woods dropped their price objective on Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 10th. Wall Street Zen downgraded shares of Chimera Investment from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, 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 report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Chimera Investment has an average 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.