Counterpoint Mutual Funds LLC Buys Shares of 22,671 Chimera Investment Corporation $CIM

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Chimera Investment Corporation, purchasing 22,671 shares valued at approximately $314,000.
• Chimera Investment reported a weaker-than-expected earnings result with an EPS of $0.39, falling short of the consensus estimate of $0.46.
• The company announced a quarterly dividend of $0.37 per share, translating to an annual yield of 10.8%, but its payout ratio stands at a high 117.46%.

Counterpoint Mutual Funds LLC bought a new stake in Chimera Investment Corporation (NYSE:CIM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,671 shares of the real estate investment trust's stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Investment Partners Asset Management Inc. raised its position in Chimera Investment by 10.2% in the first quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust's stock valued at $185,000 after purchasing an additional 1,338 shares during the period. AXS Investments LLC grew its stake in shares of Chimera Investment by 1.8% in the first quarter. AXS Investments LLC now owns 109,345 shares of the real estate investment trust's stock valued at $1,403,000 after buying an additional 1,911 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Chimera Investment by 11.4% in the first quarter. Cetera Investment Advisers now owns 18,783 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 1,927 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Chimera Investment by 12.9% in the first quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust's stock valued at $274,000 after buying an additional 2,430 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Chimera Investment by 18.4% in 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 buying an additional 2,730 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Chimera Investment from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods dropped their price objective on Chimera Investment from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, July 10th. Finally, UBS Group lifted their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Chimera Investment has a consensus rating of "Hold" and an average price target of $15.50.

Chimera Investment Trading Down 0.1%

CIM opened at $13.70 on Thursday. Chimera Investment Corporation has a 12 month low of $9.85 and a 12 month high of $16.49. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.87 and a beta of 1.85. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14. The business has a fifty day moving average price of $13.91 and a 200 day moving average price of $13.33.

Chimera Investment (NYSE:CIM - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 EPS 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 company had revenue of $66.01 million for the quarter, compared to analyst estimates of $83.89 million. Sell-side analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Chimera Investment's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.