Chimera Investment Corporation (NYSE:CIM) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in Chimera Investment Corporation (NYSE:CIM - Free Report) by 201.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,642 shares of the real estate investment trust's stock after acquiring an additional 67,232 shares during the period. Y Intercept Hong Kong Ltd owned about 0.12% of Chimera Investment worth $1,291,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quarry LP grew its stake in Chimera Investment by 1,691.7% during the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 3,062 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Chimera Investment by 8,728.6% during the 1st quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 3,666 shares during the period. New Age Alpha Advisors LLC purchased a new position in Chimera Investment in the 4th quarter valued at approximately $56,000. Summit Securities Group LLC purchased a new position in Chimera Investment in the 4th quarter valued at approximately $111,000. Finally, Motiv8 Investments LLC purchased a new position in Chimera Investment in the 1st quarter valued at approximately $131,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CIM. Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. UBS Group lifted their price objective 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. Finally, Keefe, Bruyette & Woods dropped 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 note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Chimera Investment Price Performance

CIM stock traded up $0.06 during trading on Friday, reaching $14.10. 387,300 shares of the company were exchanged, compared to its average volume of 467,014. Chimera Investment Corporation has a 52-week low of $9.85 and a 52-week high of $16.89. The company has a market cap of $1.14 billion, a P/E ratio of 9.40 and a beta of 1.74. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.70 and a current ratio of 3.70. The stock's 50 day moving average price is $13.77 and its 200 day moving average price is $13.43.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $69.22 million for the quarter, compared to the consensus estimate of $72.07 million. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. As a group, analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.50%. The ex-dividend date is Monday, June 30th. Chimera Investment's dividend payout ratio (DPR) is 98.67%.

About Chimera Investment

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.