Chimera Investment Co. (NYSE:CIM) Short Interest Up 7.1% in October

Chimera Investment Co. (NYSE:CIM) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,970,000 shares, an increase of 7.1% from the October 15th total of 1,840,000 shares. Based on an average trading volume of 506,900 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.5% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

CIM has been the topic of a number of research reports. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods increased their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quarry LP increased its stake in shares of Chimera Investment by 1,188.3% in the second 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. Cetera Advisors LLC purchased a new position in shares of Chimera Investment during the 1st quarter valued at about $63,000. Prospera Private Wealth LLC purchased a new stake in shares of Chimera Investment in the third quarter worth about $65,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Chimera Investment in the first quarter worth about $72,000. Finally, EntryPoint Capital LLC raised its position in Chimera Investment by 703.3% during the first quarter. EntryPoint Capital LLC now owns 19,208 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 16,817 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Price Performance

NYSE CIM traded down $0.13 on Tuesday, reaching $14.63. The company had a trading volume of 47,208 shares, compared to its average volume of 602,984. The firm’s 50 day moving average price is $15.52 and its 200 day moving average price is $14.56. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The stock has a market capitalization of $1.18 billion, a PE ratio of 4.47 and a beta of 1.73. Chimera Investment has a 12 month low of $11.28 and a 12 month high of $16.89.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $195.30 million for the quarter, compared to analysts’ expectations 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 firm earned $0.39 EPS. As a group, equities analysts predict that Chimera Investment will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.37 dividend. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.12%. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

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.