Mercer Global Advisors Inc. ADV increased its stake in Chimera Investment Co. (NYSE:CIM – Get Rating ) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,572 shares of the real estate investment trust’s stock after purchasing an additional 12,032 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.09% of Chimera Investment worth $2,559,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in Chimera Investment by 1,200.5% in the first quarter. Sound Income Strategies LLC now owns 2,601 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 2,401 shares during the period. Landmark Wealth Management LLC acquired a new stake in Chimera Investment in the first quarter valued at $266,000. Arkadios Wealth Advisors acquired a new stake in Chimera Investment in the first quarter valued at $126,000. Sheaff Brock Investment Advisors LLC increased its holdings in Chimera Investment by 9 .8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 12,329 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 1,097 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Chimera Investment by 16.3% in the fourth quarter. Lazard Asset Management LLC now owns 12,718 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 1,781 shares during the last quarter. 53.05% of the shares are currently owned by institutional investors and hedge funds.
The Wall Street analyst weighs in
A number of brokerages have commented on CIM. Barclays cut their target price on shares of Chimera Investment from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, July 18th. Credit Suisse Group decreased their target price on shares of Chimera Investment to $9.50 in a research report on Friday, July 22nd.
Chimera Investment Stock Performance
Shares of CIM stock opened at $9.21 on Monday. The company’s 50-day moving average is $9.21 and its 200-day moving average is $10.54. The company has a debt-to-equity ratio of 3.67, a current ratio of 4.60, and a quick ratio of 4.60. Chimera Investment Co. has a 1-year low of $7.72 and a 1-year high of $16.85.
Chimera Investment (NYSE:CIM – Get Rating ) last posted its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $116.89 million for the quarter, compared to the consensus estimate of $131.19 million. Chimera Investment had a positive return on equity of 13.07% and a negative net profit of 8.93%. Chimera Investment’s revenue for the quarter was down 32.1% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Equities analysts expect that Chimera Investment Co. will post 1.32 EPS for the current year.
Investment Profile Chimera
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 and non-agency mortgage-backed securities, agency mortgage-backed securities, pools of residential, commercial mortgage loans and other real estate related securities.
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