Leeward Investments LLC MA Boosts Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Leeward Investments LLC MA boosted its stake in Chimera Investment Co. (NYSE:CIM) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 859,955 shares of the real estate investment trust’s stock after purchasing an additional 14,622 shares during the quarter. Leeward Investments LLC MA’s holdings in Chimera Investment were worth $13,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Chimera Investment by 3.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,447,304 shares of the real estate investment trust’s stock valued at $6,672,000 after buying an additional 44,364 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Chimera Investment by 73.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 246,201 shares of the real estate investment trust’s stock valued at $1,135,000 after acquiring an additional 103,870 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Chimera Investment by 8.5% in the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 3,218 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Chimera Investment by 55.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 58,246 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 20,875 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Chimera Investment by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock valued at $106,526,000 after purchasing an additional 459,838 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CIM. Keefe, Bruyette & Woods lifted their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Chimera Investment Stock Performance

NYSE:CIM opened at $14.94 on Thursday. The firm has a market capitalization of $1.20 billion, a PE ratio of 8.79 and a beta of 1.73. The stock’s fifty day moving average is $15.60 and its 200 day moving average is $14.42. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 3.75, a quick ratio of 4.43 and a current ratio of 4.43.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. The firm had revenue of $186.72 million during the quarter, compared to analyst estimates of $66.50 million. During the same quarter last year, the business earned $0.36 EPS. On average, sell-side analysts anticipate that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.91%. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. Chimera Investment’s dividend payout ratio is currently 87.06%.

Chimera Investment 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.