Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in Chimera Investment Corporation (NYSE:CIM)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Chimera Investment Corporation (NYSE:CIM - Free Report) by 671.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,866 shares of the real estate investment trust's stock after acquiring an additional 143,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Chimera Investment worth $2,115,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CIM. Norges Bank bought a new position in Chimera Investment in the 4th quarter valued at about $3,827,000. LSV Asset Management raised its holdings in Chimera Investment by 141.2% in the 4th quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust's stock valued at $4,893,000 after acquiring an additional 204,584 shares during the period. JPMorgan Chase & Co. raised its holdings in Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock valued at $4,339,000 after acquiring an additional 142,105 shares during the period. Allianz Asset Management GmbH raised its holdings in Chimera Investment by 9.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust's stock valued at $16,158,000 after acquiring an additional 111,458 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in Chimera Investment in the 4th quarter valued at about $1,231,000. 48.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Chimera Investment from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, UBS Group lifted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Chimera Investment Stock Up 0.6%

CIM stock traded up $0.08 during trading on Friday, reaching $13.45. The stock had a trading volume of 602,623 shares, compared to its average volume of 431,492. 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 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.93. The company's 50 day moving average is $13.80 and its two-hundred day moving average is $13.42. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.97 and a beta of 1.79.

Chimera Investment (NYSE:CIM - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. The firm had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. Equities research analysts forecast that Chimera Investment Corporation will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.48 annualized dividend and a yield of 11.0%. Chimera Investment's dividend payout ratio (DPR) is 98.67%.

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.