Penserra Capital Management LLC Grows Holdings in Chimera Investment Co. (NYSE:CIM)

Penserra Capital Management LLC grew its stake in shares of Chimera Investment Co. (NYSE:CIM) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,581 shares of the real estate investment trust’s stock after buying an additional 14,893 shares during the quarter. Penserra Capital Management LLC owned 0.13% of Chimera Investment worth $1,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC lifted its stake in Chimera Investment by 6.4% during the third quarter. Algert Global LLC now owns 123,380 shares of the real estate investment trust’s stock worth $1,953,000 after purchasing an additional 7,460 shares during the last quarter. Intech Investment Management LLC bought a new stake in Chimera Investment in the 3rd quarter worth approximately $320,000. Prospera Private Wealth LLC purchased a new stake in Chimera Investment in the third quarter worth approximately $65,000. Natixis Advisors LLC grew its position in Chimera Investment by 46.2% during the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock valued at $1,361,000 after acquiring an additional 27,190 shares during the last quarter. Finally, Simplify Asset Management Inc. bought a new position in shares of Chimera Investment during the 3rd quarter valued at $158,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Chimera Investment Price Performance

CIM opened at $14.82 on Wednesday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03. The stock has a market capitalization of $1.20 billion, a PE ratio of 4.49 and a beta of 1.73. The stock’s 50 day moving average price is $15.42 and its 200-day moving average price is $14.62. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The company had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities research analysts predict that Chimera Investment Co. will post 1.5 EPS for the current 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 issued a $0.37 dividend. The ex-dividend date was Monday, September 30th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.99%. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

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.