Tudor Investment Corp ET AL Has $4.23 Million Stock Position in Chimera Investment Corporation $CIM

Key Points

• Tudor Investment Corp ET AL boosted its stake in Chimera by 34.9% in Q3 to 320,209 shares worth about $4.23 million, representing roughly 0.39% of the company.
• Chimera raised its quarterly dividend to $0.45 (annualized $1.80), implying a ~14.0% yield with an ex‑dividend/record date of March 31 and a payout ratio of ~84.6%.
• Chimera reported Q earnings of $0.53 EPS (above estimates) but missed on revenue; the stock trades near $12.87 with a P/E of 7.36, a $1.07B market cap, and an analyst consensus of "Hold" with a $14.50 target.

Tudor Investment Corp ET AL boosted its position in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 320,209 shares of the real estate investment trust's stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CIM. VSM Wealth Advisory LLC boosted its stake in shares of Chimera Investment by 64.3% in the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 936 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Chimera Investment in the third quarter valued at approximately $54,000. Tower Research Capital LLC TRC lifted its holdings in Chimera Investment by 92.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 3,423 shares during the period. BNP Paribas Financial Markets boosted its stake in Chimera Investment by 59.2% in the second quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,857 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in Chimera Investment by 450.2% in the third quarter. Creative Financial Designs Inc. ADV now owns 9,166 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 7,500 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Stock Performance

Shares of NYSE:CIM opened at $12.87 on Thursday. The firm's 50 day simple moving average is $13.15 and its 200 day simple moving average is $13.02. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $14.88. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 7.36 and a beta of 1.80. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.06 and a quick ratio of 0.06.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $80.77 million. Chimera Investment had a net margin of 28.06% and a return on equity of 8.73%. As a group, sell-side analysts forecast that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a $0.45 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 14.0%. This is an increase from Chimera Investment's previous quarterly dividend of $0.37. Chimera Investment's dividend payout ratio is currently 84.57%.

Analysts Set New Price Targets

CIM has been the subject of several recent research reports. Wall Street Zen cut shares of Chimera Investment from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Royal Bank Of Canada lowered Chimera Investment from an "outperform" rating to a "sector perform" rating and set a $13.00 price target on the stock. in a research report on Tuesday, December 9th. Finally, Weiss Ratings cut Chimera Investment from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 20th. One equities 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 stock. Based on data from MarketBeat.com, Chimera Investment presently has an average rating of "Hold" and a consensus 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.

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