VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Chimera Investment Corporation $CIM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Chimera Investment Corporation (NYSE:CIM) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 89,503 shares of the real estate investment trust’s stock, valued at approximately $1,194,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Nykredit A S bought a new stake in Chimera Investment in the second quarter valued at $29,000. Public Employees Retirement System of Ohio bought a new position in shares of Chimera Investment during the second quarter worth about $60,000. Global Retirement Partners LLC bought a new position in shares of Chimera Investment during the second quarter worth about $79,000. IFP Advisors Inc increased its holdings in shares of Chimera Investment by 1,211.4% in the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 5,742 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Chimera Investment by 92.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 3,423 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Shares of NYSE CIM opened at $11.13 on Friday. The stock has a market cap of $932.11 million, a P/E ratio of -10.92 and a beta of 1.66. The firm’s 50-day simple moving average is $12.14 and its 200 day simple moving average is $12.90. Chimera Investment Corporation has a fifty-two week low of $11.06 and a fifty-two week high of $14.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 2.34.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%. The company had revenue of $94.77 million for the quarter, compared to analyst estimates of $95.30 million.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Chimera Investment from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods dropped their price target on shares of Chimera Investment from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $14.00 price objective on shares of Chimera Investment in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.