Synovus Financial Corp boosted its holdings in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 17,526 shares of the real estate investment trust’s stock after purchasing an additional 952 shares during the quarter. Synovus Financial Corp’s holdings in CHIMERA INVT CO/SH NEW were worth $341,000 at the end of the most recent reporting period.
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Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in CHIMERA INVT CO/SH NEW in the second quarter worth about $25,000. Brand Asset Management Group Inc. acquired a new stake in CHIMERA INVT CO/SH NEW during the 2nd quarter worth about $36,000. Kistler Tiffany Companies LLC acquired a new stake in CHIMERA INVT CO/SH NEW during the 2nd quarter worth about $54,000. Carroll Financial Associates Inc. raised its holdings in CHIMERA INVT CO/SH NEW by 50.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 1,000 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in CHIMERA INVT CO/SH NEW by 963.9% during the 2nd quarter. NEXT Financial Group Inc now owns 4,415 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 51.49% of the company’s stock.
NYSE CIM traded up $0.20 on Friday, hitting $20.33. 665,801 shares of the company were exchanged, compared to its average volume of 1,259,301. The company’s 50 day moving average price is $20.02 and its 200-day moving average price is $19.35. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market capitalization of $3.77 billion, a P/E ratio of 8.69 and a beta of 0.58. CHIMERA INVT CO/SH NEW has a twelve month low of $16.88 and a twelve month high of $20.54.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). The company had revenue of $141.59 million for the quarter, compared to analyst estimates of $142.50 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.22% and a net margin of 13.14%. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts expect that CHIMERA INVT CO/SH NEW will post 2.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.00 annualized dividend and a yield of 9.84%. CHIMERA INVT CO/SH NEW’s payout ratio is presently 85.47%.
Several research firms have issued reports on CIM. Zacks Investment Research downgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a report on Thursday. Credit Suisse Group downgraded CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a report on Wednesday, August 21st. They noted that the move was a valuation call. Finally, Royal Bank of Canada began coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, October 2nd. They set an “outperform” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. CHIMERA INVT CO/SH NEW currently has an average rating of “Hold” and an average price target of $20.38.
CHIMERA INVT CO/SH NEW Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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