Morgan Stanley trimmed its holdings in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 651,223 shares of the real estate investment trust’s stock after selling 66,156 shares during the quarter. Morgan Stanley’s holdings in CHIMERA INVT CO/SH NEW were worth $12,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of CIM. Steward Partners Investment Advisory LLC acquired a new stake in CHIMERA INVT CO/SH NEW in the 2nd quarter valued at about $25,000. Brand Asset Management Group Inc. purchased a new stake in CHIMERA INVT CO/SH NEW during the second quarter valued at about $36,000. Kistler Tiffany Companies LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the second quarter valued at about $54,000. Carroll Financial Associates Inc. lifted its stake in CHIMERA INVT CO/SH NEW by 50.0% during the second quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,000 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its stake in CHIMERA INVT CO/SH NEW by 963.9% during the second quarter. NEXT Financial Group Inc now owns 4,415 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 4,000 shares in the last quarter. 51.53% of the stock is owned by institutional investors.
CIM has been the subject of a number of analyst reports. Royal Bank of Canada initiated coverage on shares of CHIMERA INVT CO/SH NEW in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $21.00 price objective for the company. Credit Suisse Group lowered shares of CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective for the company. in a research note on Wednesday, August 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.00.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. The firm had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $157.07 million. During the same period in the prior year, the company posted $0.59 earnings per share. CHIMERA INVT CO/SH NEW’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.06%. CHIMERA INVT CO/SH NEW’s dividend payout ratio is 85.47%.
CHIMERA INVT CO/SH NEW Profile
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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