Tudor Investment Corp ET AL Buys 82,883 Shares of Chimera Investment Corporation $CIM

Key Points

• Tudor Investment Corp et al increased its stake in Chimera Investment (NYSE: CIM) by 34.9%, adding 82,883 shares to hold 320,209 shares (about 0.39% of the company) worth roughly $4.23 million per its latest SEC filing.
• Chimera raised its quarterly dividend from $0.37 to $0.45 (annualized $1.80), implying a 13.6% yield while the dividend payout ratio stands at 102.86%, signaling a potentially unsustainable payout level.
• Shares trade near $13.28 with a P/E of 7.59 and market cap of $1.11 billion; analysts' consensus is a Hold with a $14.50 price target amid recent downgrades.

Tudor Investment Corp ET AL boosted its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 34.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,209 shares of the real estate investment trust's stock after acquiring an additional 82,883 shares during the quarter. Tudor Investment Corp ET AL owned about 0.39% of Chimera Investment worth $4,233,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its stake in Chimera Investment by 3.2% during the third quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust's stock worth $389,000 after acquiring an additional 917 shares during the last quarter. VSM Wealth Advisory LLC increased its stake in Chimera Investment by 64.3% during the third quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 936 shares during the last quarter. Cetera Investment Advisers increased its stake in Chimera Investment by 6.1% during the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 1,143 shares during the last quarter. Intech Investment Management LLC increased its stake in Chimera Investment by 4.5% during the third quarter. Intech Investment Management LLC now owns 33,098 shares of the real estate investment trust's stock worth $438,000 after acquiring an additional 1,421 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Chimera Investment by 11.0% during the second quarter. Sei Investments Co. now owns 21,182 shares of the real estate investment trust's stock worth $294,000 after acquiring an additional 2,107 shares during the last quarter. 48.44% of the stock is owned by institutional investors.

Chimera Investment Stock Up 1.5%

Shares of NYSE CIM opened at $13.28 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.59 and a beta of 1.74. The stock has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.92. Chimera Investment Corporation has a 52-week low of $10.24 and a 52-week high of $14.88.

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

Chimera Investment Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a $0.45 dividend. 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 13.6%. Chimera Investment's dividend payout ratio (DPR) is presently 102.86%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CIM shares. Wall Street Zen cut Chimera Investment from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Weiss Ratings lowered 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.50.

Chimera Investment Company 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.

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