SG Americas Securities LLC Purchases Shares of 15,187 Chimera Investment Co. (NYSE:CIM)

SG Americas Securities LLC purchased a new stake in shares of Chimera Investment Co. (NYSE:CIM) during the third quarter, Holdings Channel.com reports. The firm purchased 15,187 shares of the real estate investment trust’s stock, valued at approximately $240,000.

Other hedge funds have also bought and sold shares of the company. Quarry LP increased its stake in Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,032 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Chimera Investment in the 1st quarter valued at $63,000. Symphony Financial Ltd. Co. purchased a new stake in shares of Chimera Investment in the 1st quarter valued at $63,000. AlphaCentric Advisors LLC purchased a new stake in shares of Chimera Investment in the 2nd quarter valued at $179,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Chimera Investment in the 1st quarter valued at $72,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $15.70 on Tuesday. The company’s fifty day moving average price is $15.54 and its 200 day moving average price is $14.19. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a market capitalization of $1.26 billion, a PE ratio of 10.26 and a beta of 1.73. The company has a debt-to-equity ratio of 3.75, a quick ratio of 4.43 and a current ratio of 4.43.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. The firm had revenue of $186.72 million for the quarter, compared to the consensus estimate of $66.50 million. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, research analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.43%. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is presently 96.73%.

Analysts Set New Price Targets

Several research firms have recently commented on CIM. Keefe, Bruyette & Woods upped their price objective on shares of 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 downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

About Chimera Investment

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.