Lakeview Capital Partners LLC Raises Position in CHIMERA INVT CO/SH NEW (NYSE:CIM)

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Lakeview Capital Partners LLC raised its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,075 shares of the real estate investment trust’s stock after purchasing an additional 1,260 shares during the period. Lakeview Capital Partners LLC’s holdings in CHIMERA INVT CO/SH NEW were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CIM. Vanguard Group Inc. raised its holdings in shares of CHIMERA INVT CO/SH NEW by 1.1% in the second quarter. Vanguard Group Inc. now owns 17,509,398 shares of the real estate investment trust’s stock worth $330,402,000 after buying an additional 182,507 shares during the period. LSV Asset Management increased its holdings in CHIMERA INVT CO/SH NEW by 22.9% during the 2nd quarter. LSV Asset Management now owns 3,704,310 shares of the real estate investment trust’s stock worth $69,900,000 after purchasing an additional 689,440 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in CHIMERA INVT CO/SH NEW by 0.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,729,107 shares of the real estate investment trust’s stock worth $32,629,000 after purchasing an additional 8,492 shares during the period. FMR LLC increased its holdings in CHIMERA INVT CO/SH NEW by 0.3% during the 1st quarter. FMR LLC now owns 1,468,559 shares of the real estate investment trust’s stock worth $27,521,000 after purchasing an additional 3,947 shares during the period. Finally, First Trust Advisors LP increased its holdings in CHIMERA INVT CO/SH NEW by 9.2% during the 3rd quarter. First Trust Advisors LP now owns 1,220,162 shares of the real estate investment trust’s stock worth $23,866,000 after purchasing an additional 102,314 shares during the period. Institutional investors and hedge funds own 51.49% of the company’s stock.

NYSE CIM traded up $0.20 during midday trading on Friday, hitting $20.33. 665,801 shares of the company traded hands, compared to its average volume of 1,259,301. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market cap of $3.77 billion, a PE ratio of 8.69 and a beta of 0.58. The company’s 50-day simple moving average is $20.02 and its 200-day simple moving average is $19.35. CHIMERA INVT CO/SH NEW has a 52 week low of $16.88 and a 52 week high of $20.54.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $141.59 million for the quarter, compared to the consensus estimate of $142.50 million. CHIMERA INVT CO/SH NEW had a net margin of 13.14% and a return on equity of 12.22%. During the same period last year, the business posted $0.60 EPS. On average, research analysts predict that CHIMERA INVT CO/SH NEW will post 2.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 30th. This represents a $2.00 annualized dividend and a yield of 9.84%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is presently 85.47%.

Several research analysts have commented on CIM shares. Credit Suisse Group downgraded CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a report on Wednesday, August 21st. They noted that the move was a valuation call. Zacks Investment Research cut CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank of Canada started coverage on CHIMERA INVT CO/SH NEW in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. CHIMERA INVT CO/SH NEW presently has a consensus rating of “Hold” and an average target price of $20.38.

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.

Read More: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CHIMERA INVT CO/SH NEW (NYSE:CIM).

Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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