Short Interest in Chimera Investment Co. (NYSE:CIM) Decreases By 14.2%

Chimera Investment Co. (NYSE:CIM) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,690,000 shares, a drop of 14.2% from the October 31st total of 1,970,000 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 508,200 shares, the days-to-cover ratio is currently 3.3 days.

Chimera Investment Trading Down 0.3 %

CIM stock opened at $14.80 on Tuesday. The business has a fifty day moving average price of $15.30 and a 200 day moving average price of $14.66. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 4.50 and a beta of 1.73.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter last year, the business posted $0.39 earnings per share. Analysts expect that Chimera Investment will post 1.5 EPS for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.37 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.00%. Chimera Investment’s payout ratio is currently 44.85%.

Institutional Trading of Chimera Investment

Several hedge funds have recently modified their holdings of the stock. Quarry LP lifted its stake in shares of Chimera Investment by 1,188.3% during the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 2,032 shares during the period. Cetera Advisors LLC bought a new stake in Chimera Investment during the 1st quarter worth about $63,000. Prospera Private Wealth LLC acquired a new position in Chimera Investment during the 3rd quarter valued at about $65,000. Public Employees Retirement System of Ohio bought a new position in shares of Chimera Investment in the 1st quarter valued at about $72,000. Finally, Simplify Asset Management Inc. acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $158,000. 48.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research 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.