4,133 Shares in Chimera Investment Co. (NYSE:CIM) Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC purchased a new stake in Chimera Investment Co. (NYSE:CIM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,133 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Advisors LLC acquired a new stake in Chimera Investment in the 1st quarter valued at about $63,000. Harbour Investments Inc. bought a new position in shares of Chimera Investment during the 2nd quarter worth approximately $796,000. Quarry LP increased its holdings in shares of Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,032 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Chimera Investment by 121.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 30,028 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 16,482 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Chimera Investment during the 2nd quarter valued at $217,000. Institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CIM shares. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th.

Chimera Investment Stock Up 0.7 %

CIM stock opened at $14.62 on Friday. 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 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 4.43 and a beta of 1.73. The business’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $14.58.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The business had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.12%. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is currently 44.85%.

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.