Simplify Asset Management Inc. Makes New $158,000 Investment in Chimera Investment Co. (NYSE:CIM)

Simplify Asset Management Inc. acquired a new position in Chimera Investment Co. (NYSE:CIM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $158,000.

A number of other large investors have also added to or reduced their stakes in the company. Atria Investments Inc increased 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 valued at $264,000 after purchasing an additional 4,110 shares during the last quarter. Leeward Investments LLC MA grew its position in Chimera Investment by 1.7% in the 3rd quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock valued at $13,613,000 after acquiring an additional 14,622 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in shares of Chimera Investment by 14.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares during the period. Cadent Capital Advisors LLC lifted its holdings in shares of Chimera Investment by 12.9% in the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after buying an additional 30,393 shares during the period. Finally, Creative Planning purchased a new stake in shares of Chimera Investment during the 3rd quarter worth $231,000. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of NYSE:CIM traded down $0.04 during trading on Friday, hitting $14.68. 90,153 shares of the stock traded hands, compared to its average volume of 604,985. The company has a fifty day moving average price of $15.55 and a two-hundred day moving average price of $14.51. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 4.46 and a beta of 1.73. 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 announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to analysts’ expectations of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, equities analysts predict that Chimera Investment Co. will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is 44.85%.

Analysts Set New Price Targets

Several brokerages recently issued reports 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 Chimera Investment from a “buy” rating to a “hold” rating in a research report 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.