Russell Investments Group Ltd. lowered its position in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 24.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,528 shares of the real estate investment trust’s stock after selling 68,867 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of CHIMERA INVT CO/SH NEW worth $3,916,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CIM. Penserra Capital Management LLC acquired a new position in shares of CHIMERA INVT CO/SH NEW during the 1st quarter worth $25,000. Steward Partners Investment Advisory LLC acquired a new position in shares of CHIMERA INVT CO/SH NEW during the 2nd quarter worth $25,000. Brand Asset Management Group Inc. acquired a new position in shares of CHIMERA INVT CO/SH NEW during the 2nd quarter worth $36,000. Kistler Tiffany Companies LLC acquired a new position in shares of CHIMERA INVT CO/SH NEW during the 2nd quarter worth $54,000. Finally, Carroll Financial Associates Inc. grew its stake in shares of CHIMERA INVT CO/SH NEW by 50.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 51.53% of the company’s stock.
A number of research firms have recently weighed in on CIM. Zacks Investment Research cut shares of CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Credit Suisse Group cut shares of CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price target on the stock. in a research note on Wednesday, August 21st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. CHIMERA INVT CO/SH NEW has a consensus rating of “Hold” and a consensus price target of $19.75.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The business had revenue of $141.80 million during the quarter, compared to analyst estimates of $157.07 million. CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. CHIMERA INVT CO/SH NEW’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, analysts forecast that CHIMERA INVT CO/SH NEW will post 2.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.00 dividend on an annualized basis and a yield of 10.24%. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.
About CHIMERA INVT CO/SH NEW
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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