Prospera Private Wealth LLC Purchases Shares of 4,133 Chimera Investment Co. (NYSE:CIM)

Prospera Private Wealth LLC acquired a new position in shares of Chimera Investment Co. (NYSE:CIM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,133 shares of the real estate investment trust’s stock, valued at approximately $65,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP increased its position in 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 valued at $28,000 after purchasing an additional 2,032 shares during the period. Cetera Advisors LLC bought a new position in Chimera Investment during the first quarter worth $63,000. Public Employees Retirement System of Ohio acquired a new position in Chimera Investment in the first quarter valued at $72,000. EntryPoint Capital LLC boosted its position in Chimera Investment by 703.3% during the first quarter. EntryPoint Capital LLC now owns 19,208 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 16,817 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Chimera Investment during the 1st quarter worth about $116,000. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Stock Performance

Shares of Chimera Investment stock opened at $14.62 on Friday. The business has a 50-day simple moving average of $15.46 and a 200 day simple moving average of $14.58. Chimera Investment Co. has a one year low of $11.28 and a one year 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 firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 4.43 and a beta of 1.73.

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

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.37 per share. 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. This represents a $1.48 annualized dividend and a yield of 10.12%. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

Analysts Set New Price Targets

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

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.