Ritholtz Wealth Management Takes $4.98 Million Position in Chimera Investment Corporation $CIM

Key Points

• Ritholtz Wealth Management established a new position of 400,374 shares (about 0.48% of Chimera) in Q4, valued at roughly $4.98 million.
• Chimera raised its quarterly dividend to $0.45 (annualized $1.80), yielding about 13.5% while the payout ratio sits at 102.86%.
• The company reported Q results with EPS $0.53 beating the $0.50 estimate but revenue of $72.01M missed the $80.77M estimate; analysts expect ~1.57 EPS for the year.

Ritholtz Wealth Management purchased a new stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 400,374 shares of the real estate investment trust's stock, valued at approximately $4,977,000. Ritholtz Wealth Management owned about 0.48% of Chimera Investment at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CIM. Dynamic Technology Lab Private Ltd boosted its position in shares of Chimera Investment by 36.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 16,568 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 4,399 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Chimera Investment by 12.9% during the 1st quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust's stock valued at $274,000 after acquiring an additional 2,430 shares during the last quarter. Creative Planning boosted its position in shares of Chimera Investment by 82.3% during the 2nd quarter. Creative Planning now owns 21,766 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 9,828 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Chimera Investment by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust's stock valued at $276,000 after acquiring an additional 1,143 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Chimera Investment by 42.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 246,471 shares of the real estate investment trust's stock valued at $3,419,000 after acquiring an additional 73,634 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company's stock.

Chimera Investment Stock Up 0.3%

Shares of NYSE:CIM opened at $13.33 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market capitalization of $1.11 billion, a PE ratio of 7.61 and a beta of 1.74. The firm's 50-day moving average is $13.12 and its two-hundred day moving average is $12.91. Chimera Investment Corporation has a 1 year low of $10.38 and a 1 year high of $14.88.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.03. Chimera Investment had a net margin of 28.06% and a return on equity of 8.73%. The company had revenue of $72.01 million for the quarter, compared to analyst estimates of $80.77 million. Analysts predict that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from Chimera Investment's previous quarterly dividend of $0.37. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.5%. Chimera Investment's payout ratio is currently 102.86%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CIM shares. Wall Street Zen cut shares of Chimera Investment from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Weiss Ratings cut shares of Chimera Investment from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $14.50.

Chimera Investment Profile

Chimera Investment Corporation NYSE: CIM is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company's portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm's core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.

Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chimera Investment Corporation (NYSE:CIM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.