Deutsche Bank AG Increases Stock Position in Chimera Investment Co. (NYSE:CIM)

Deutsche Bank AG lifted its stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,741 shares of the real estate investment trust's stock after buying an additional 22,476 shares during the quarter. Deutsche Bank AG owned about 0.09% of Chimera Investment worth $976,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Chimera Investment by 18.5% in the 4th quarter. Bank of America Corp DE now owns 115,959 shares of the real estate investment trust's stock worth $1,623,000 after purchasing an additional 18,075 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in Chimera Investment by 20.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 19,810 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 3,323 shares in the last quarter. Northern Trust Corp raised its stake in Chimera Investment by 9.6% in the 4th quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock worth $11,212,000 after purchasing an additional 70,362 shares in the last quarter. Quarry LP raised its stake in Chimera Investment by 1,691.7% in the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 3,062 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in shares of Chimera Investment in the 4th quarter valued at approximately $700,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CIM. UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and lifted their price target for the company from $11.50 to $15.00 in a report on Wednesday, May 14th. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. Finally, Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Chimera Investment Trading Down 1.3%

Shares of NYSE CIM traded down $0.17 during midday trading on Friday, reaching $13.18. The stock had a trading volume of 553,138 shares, compared to its average volume of 593,127. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 12.20 and a beta of 1.76. Chimera Investment Co. has a twelve month low of $9.85 and a twelve month high of $16.89. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The company's 50 day moving average price is $12.32 and its 200 day moving average price is $13.62.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $69.22 million for the quarter, compared to analyst estimates of $72.07 million. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, sell-side analysts expect that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.37 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.23%. Chimera Investment's dividend payout ratio is currently 98.67%.

Insider Activity at Chimera Investment

In related news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. This trade represents a 9.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

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.