Chimera Investment Co. (NYSE:CIM) Short Interest Down 10.4% in September

Chimera Investment Co. (NYSE:CIM) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,980,000 shares, a drop of 10.4% from the September 15th total of 2,210,000 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 554,500 shares, the short-interest ratio is currently 3.6 days.

Institutional Trading of Chimera Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its holdings in Chimera Investment by 1,188.3% in the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,032 shares during the period. Strategic Advisors LLC grew its position in shares of Chimera Investment by 14.2% in the first quarter. Strategic Advisors LLC now owns 20,155 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 2,500 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Chimera Investment by 8.5% in the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 3,218 shares during the period. International Assets Investment Management LLC lifted its position in shares of Chimera Investment by 25.2% during the 1st quarter. International Assets Investment Management LLC now owns 31,070 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 6,250 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Chimera Investment by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 189,305 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 8,656 shares during the period. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Stock Up 0.8 %

NYSE:CIM traded up $0.13 during trading hours on Thursday, reaching $16.19. The company’s stock had a trading volume of 789,379 shares, compared to its average volume of 615,284. Chimera Investment has a one year low of $11.28 and a one year high of $16.89. The business’s 50-day moving average is $15.48 and its 200-day moving average is $14.14. 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 market cap of $1.30 billion, a price-to-earnings ratio of 10.58 and a beta of 1.73.

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

Chimera Investment Increases Dividend

The business also recently declared 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 9.14%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio (DPR) is 96.73%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CIM shares. Keefe, Bruyette & Woods upped their target price 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 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.