Chimera Investment Corporation $CIM Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in Chimera Investment Corporation by 5,110% during the first quarter, owning approximately 104,357 shares valued at $1.34 million.
• Chimera Investment recently reported a $0.39 EPS for the quarter, missing the consensus estimate of $0.46, with revenues of $66.01 million falling short of expectations.
• A quarterly dividend of $0.37 was announced, representing an annualized yield of 10.6%, with a dividend payout ratio of 117.46%.

Russell Investments Group Ltd. lifted its stake in Chimera Investment Corporation (NYSE:CIM - Free Report) by 5,110.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,357 shares of the real estate investment trust's stock after purchasing an additional 102,354 shares during the period. Russell Investments Group Ltd. owned about 0.13% of Chimera Investment worth $1,339,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Investment Partners Asset Management Inc. grew its holdings in shares of 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 worth $185,000 after purchasing an additional 1,338 shares during the last quarter. AXS Investments LLC grew its holdings 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 worth $1,403,000 after purchasing an additional 1,911 shares during the last quarter. Cetera Investment Advisers grew its holdings 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 worth $241,000 after purchasing an additional 1,927 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Chimera Investment by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 49,231 shares of the real estate investment trust's stock worth $689,000 after purchasing an additional 2,694 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings 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 worth $225,000 after purchasing an additional 2,730 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CIM. Wall Street Zen cut shares of Chimera Investment from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. UBS Group upped their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 10th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.50.

Chimera Investment Stock Performance

CIM traded down $0.16 during trading on Tuesday, reaching $14.02. 550,983 shares of the company's stock were exchanged, compared to its average volume of 448,656. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $16.89. 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 stock has a market capitalization of $1.14 billion, a P/E ratio of 11.12 and a beta of 1.85. The company's fifty day simple moving average is $13.88 and its 200-day simple moving average is $13.29.

Chimera Investment (NYSE:CIM - Get Free Report) last posted 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). Chimera Investment had a return on equity of 7.28% and a net margin of 21.93%.The business had revenue of $66.01 million for the quarter, compared to analysts' expectations of $83.89 million. As a group, research analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.6%. Chimera Investment's dividend payout ratio (DPR) 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.