JPMorgan Chase & Co. cut its holdings in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 789,917 shares of the real estate investment trust’s stock after selling 108,327 shares during the period. JPMorgan Chase & Co. owned about 0.42% of CHIMERA INVT CO/SH NEW worth $14,321,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of CIM. First Hawaiian Bank acquired a new stake in CHIMERA INVT CO/SH NEW in the third quarter valued at $120,000. Trilogy Capital Inc. acquired a new stake in CHIMERA INVT CO/SH NEW in the third quarter valued at $192,000. Private Advisor Group LLC acquired a new stake in CHIMERA INVT CO/SH NEW in the second quarter valued at $206,000. Cornerstone Wealth Management LLC acquired a new stake in CHIMERA INVT CO/SH NEW in the third quarter valued at $239,000. Finally, Aft Forsyth & Company Inc. acquired a new stake in CHIMERA INVT CO/SH NEW in the third quarter valued at $243,000. Institutional investors own 47.86% of the company’s stock.
CIM opened at $19.15 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.02 and a current ratio of 0.02. CHIMERA INVT CO/SH NEW has a one year low of $15.77 and a one year high of $19.35. The stock has a market cap of $3.59 billion, a PE ratio of 8.04 and a beta of 0.50.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. CHIMERA INVT CO/SH NEW had a return on equity of 12.52% and a net margin of 50.69%. The business had revenue of $147.04 million for the quarter, compared to analysts’ expectations of $141.90 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities research analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.44%. The ex-dividend date is Friday, December 28th. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is currently 85.47%.
CIM has been the topic of a number of analyst reports. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Raymond James initiated coverage on CHIMERA INVT CO/SH NEW in a research report on Thursday, October 11th. They set a “market perform” rating on the stock. Finally, Deutsche Bank upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and cut their target price for the stock from $19.00 to $18.50 in a research report on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.30.
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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