Parisi Gray Wealth Management lifted its position in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 90.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 16,317 shares of the real estate investment trust’s stock after buying an additional 7,738 shares during the quarter. Parisi Gray Wealth Management’s holdings in CHIMERA INVT CO/SH NEW were worth $306,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp raised its stake in shares of CHIMERA INVT CO/SH NEW by 4.2% in the 1st quarter. Synovus Financial Corp now owns 16,481 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 659 shares in the last quarter. AllSquare Wealth Management LLC raised its stake in shares of CHIMERA INVT CO/SH NEW by 4.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 17,600 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 700 shares in the last quarter. Pegasus Asset Management Inc. raised its stake in shares of CHIMERA INVT CO/SH NEW by 1.6% in the 1st quarter. Pegasus Asset Management Inc. now owns 47,705 shares of the real estate investment trust’s stock worth $894,000 after buying an additional 770 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of CHIMERA INVT CO/SH NEW by 5.8% in the 1st quarter. Great Valley Advisor Group Inc. now owns 15,490 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 854 shares in the last quarter. Finally, Princeton Capital Management LLC raised its stake in shares of CHIMERA INVT CO/SH NEW by 90.9% in the 1st quarter. Princeton Capital Management LLC now owns 2,772 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,320 shares in the last quarter. 52.03% of the stock is currently owned by institutional investors.
Shares of NYSE CIM traded up $0.05 during mid-day trading on Friday, reaching $18.98. The company had a trading volume of 12,115 shares, compared to its average volume of 1,004,391. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 8.12 and a beta of 0.59. CHIMERA INVT CO/SH NEW has a 1-year low of $16.88 and a 1-year high of $19.42.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $147.44 million during the quarter, compared to analyst estimates of $151.69 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.59% and a net margin of 21.84%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, June 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date is Thursday, June 27th. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.
A number of research firms have recently commented on CIM. Zacks Investment Research raised CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Nomura started coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.88.
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CHIMERA INVT CO/SH NEW Profile
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.
Further Reading: Fundamental Analysis and Individual Investors
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