Nuveen LLC Takes $2.70 Million Position in Chimera Investment Corporation $CIM

Key Points

• Nuveen LLC has made a new investment in Chimera Investment Corporation, acquiring 210,664 shares valued at approximately $2.70 million, representing 0.26% ownership.
• Chimera's stock performance shows volatility, with a current price of $13.99, a 12-month range between $9.85 and $16.89, and a market capitalization of $1.13 billion.
• The company recently declared a dividend of $0.37 per share, with an annualized yield of 10.6%, although its dividend payout ratio is notably high at 117.46%.

Nuveen LLC purchased a new position in Chimera Investment Corporation (NYSE:CIM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 210,664 shares of the real estate investment trust's stock, valued at approximately $2,703,000. Nuveen LLC owned about 0.26% of Chimera Investment at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CIM. Deutsche Bank AG increased its holdings in Chimera Investment by 47.6% in the 4th quarter. Deutsche Bank AG now owns 69,741 shares of the real estate investment trust's stock worth $976,000 after buying an additional 22,476 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Chimera Investment by 50.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the real estate investment trust's stock worth $1,924,000 after buying an additional 50,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Chimera Investment by 18.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust's stock worth $225,000 after buying an additional 2,730 shares in the last quarter. Northern Trust Corp increased its holdings 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 buying an additional 70,362 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings 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 buying an additional 18,075 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Performance

Shares of Chimera Investment stock traded up $0.19 during trading hours on Monday, reaching $14.19. 374,677 shares of the stock traded hands, compared to its average volume of 484,258. The company has a 50 day moving average price of $13.86 and a 200 day moving average price of $13.29. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.26 and a beta of 1.85. Chimera Investment Corporation has a one year low of $9.85 and a one year high of $16.89. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.07). The firm had revenue of $66.01 million for the quarter, compared to the consensus estimate of $83.89 million. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. On average, equities research analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Monday, June 30th. Chimera Investment's payout ratio is presently 117.46%.

Wall Street Analyst Weigh In

CIM has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Chimera Investment from $16.50 to $15.00 and set a "market perform" rating for the company in a report on Thursday, July 10th. Wall Street Zen downgraded Chimera Investment from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group lifted their price objective on Chimera Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Chimera Investment has a consensus rating of "Hold" and an average target price 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.