Manning & Napier Advisors LLC Increases Stock Holdings in Chimera Investment Corporation (NYSE:CIM)

Manning & Napier Advisors LLC lifted its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,000 shares of the real estate investment trust's stock after acquiring an additional 50,000 shares during the period. Manning & Napier Advisors LLC owned 0.19% of Chimera Investment worth $1,924,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CIM. Handelsbanken Fonder AB boosted its stake in shares of Chimera Investment by 51.5% during the 4th quarter. Handelsbanken Fonder AB now owns 26,487 shares of the real estate investment trust's stock worth $371,000 after purchasing an additional 9,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Chimera Investment in the fourth quarter valued at approximately $468,000. Bank of New York Mellon Corp lifted its stake in shares of Chimera Investment by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust's stock valued at $5,118,000 after buying an additional 49,388 shares during the period. Atria Investments Inc boosted its position in Chimera Investment by 18.1% during the fourth quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust's stock worth $275,000 after acquiring an additional 3,018 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Chimera Investment in the 4th quarter worth approximately $649,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Chimera Investment Trading Down 0.2%

Shares of CIM traded down $0.04 during mid-day trading on Friday, reaching $14.06. The company had a trading volume of 714,604 shares, compared to its average volume of 577,170. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The firm has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $13.49. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.37 and a beta of 1.75. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $69.22 million for the quarter, compared to analysts' expectations of $72.07 million. Chimera Investment had a return on equity of 7.25% and a net margin of 25.12%. On average, sell-side analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend is Monday, June 30th. Chimera Investment's payout ratio is currently 98.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CIM shares. Wall Street Zen raised Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. UBS Group upgraded Chimera Investment from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.50 to $15.00 in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada upgraded Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Chimera Investment currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.