Chimera Investment Co. (NYSE:CIM – Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders bought 6,302 call options on the stock. This is an increase of 682% compared to the average volume of 806 call options.
Chimera Investment Price Performance
Shares of NYSE:CIM traded down $0.13 on Monday, hitting $16.52. The company’s stock had a trading volume of 127,169 shares, compared to its average volume of 620,904. The company has a market capitalization of $1.33 billion, a PE ratio of 10.88 and a beta of 1.73. The company has a debt-to-equity ratio of 3.75, a current ratio of 4.43 and a quick ratio of 4.43. The company has a 50-day simple moving average of $15.13 and a 200 day simple moving average of $13.87. Chimera Investment has a 1 year low of $11.28 and a 1 year high of $17.55.
Chimera Investment (NYSE:CIM – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $186.72 million during the quarter, compared to analysts’ expectations of $66.50 million. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. During the same quarter in the previous year, the company earned $0.36 EPS. Sell-side analysts forecast that Chimera Investment will post 1.5 EPS for the current fiscal year.
Chimera Investment Increases Dividend
Institutional Trading of Chimera Investment
Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its position in Chimera Investment by 23.0% during the fourth quarter. Private Advisor Group LLC now owns 16,421 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 3,066 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Chimera Investment by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,478,859 shares of the real estate investment trust’s stock valued at $12,370,000 after purchasing an additional 78,731 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Chimera Investment during the 4th quarter valued at $28,000. Teacher Retirement System of Texas raised its position in Chimera Investment by 243.9% in the 4th quarter. Teacher Retirement System of Texas now owns 77,115 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 54,689 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in Chimera Investment by 31.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 41,031 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 9,898 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.
Wall Street Analysts Forecast Growth
CIM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.
Chimera Investment Company 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.
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