Chimera Investment Co. (NYSE:CIM) Short Interest Update

Chimera Investment Co. (NYSE:CIM) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,970,000 shares, a growth of 7.1% from the October 15th total of 1,840,000 shares. Based on an average trading volume of 506,900 shares, the short-interest ratio is currently 3.9 days. Currently, 2.5% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective 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. StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Institutional Investors Weigh In On Chimera Investment

A number of hedge funds and other institutional investors have recently modified their holdings of CIM. Moloney Securities Asset Management LLC raised its stake in Chimera Investment by 14.1% in the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 1,719 shares in the last quarter. Quarry LP boosted its holdings in Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,032 shares in the last quarter. ProShare Advisors LLC raised its holdings in Chimera Investment by 8.5% during the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 3,218 shares in the last quarter. Atria Investments Inc lifted its position in shares of Chimera Investment by 32.8% during the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 4,110 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Chimera Investment in the 3rd quarter valued at $65,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Trading Down 0.9 %

CIM stock traded down $0.13 during mid-day trading on Tuesday, hitting $14.63. 47,208 shares of the company were exchanged, compared to its average volume of 602,984. Chimera Investment has a 12-month low of $11.28 and a 12-month high of $16.89. The firm has a market capitalization of $1.18 billion, a P/E ratio of 4.47 and a beta of 1.73. The business has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $14.56. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $69.90 million. During the same period in the prior year, the company posted $0.39 EPS. On average, equities research analysts predict that Chimera Investment will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

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

Chimera Investment Company 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.