Advisory Services Network LLC Has $1.73 Million Position in Chimera Investment Co. (NYSE:CIM)

Advisory Services Network LLC reduced its holdings in shares of Chimera Investment Co. (NYSE:CIMGet Rating) by 2.1% in the first quarter, HoldingsChannel.com reports. The fund owned 143,987 shares of the real estate investment trust’s stock after selling 3,104 shares during the quarter. Advisory Services Network LLC’s holdings in Chimera Investment were worth $1,734,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CIM. Worth Asset Management LLC acquired a new stake in Chimera Investment during the 1st quarter worth about $30,000. Sound Income Strategies LLC grew its stake in shares of Chimera Investment by 1,200.5% in the 1st quarter. Sound Income Strategies LLC now owns 2,601 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 2,401 shares during the period. Tompkins Financial Corp acquired a new stake in shares of Chimera Investment in the 1st quarter valued at about $36,000. Arkadios Wealth Advisors acquired a new stake in shares of Chimera Investment in the 1st quarter valued at about $126,000. Finally, Claraphi Advisory Network LLC acquired a new stake in shares of Chimera Investment in the 1st quarter valued at about $131,000. 51.10% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Shares of NYSE CIM opened at $7.85 on Monday. Chimera Investment Co. has a fifty-two week low of $7.57 and a fifty-two week high of $16.85. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -12.08 and a beta of 1.10. The company has a debt-to-equity ratio of 3.67, a quick ratio of 4.60 and a current ratio of 4.60. The firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $9.91.

Chimera Investment (NYSE:CIMGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). Chimera Investment had a negative net margin of 8.93% and a positive return on equity of 13.07%. The business had revenue of $116.89 million during the quarter, compared to the consensus estimate of $131.19 million. During the same period in the previous year, the business posted $0.54 EPS. Chimera Investment’s revenue was down 32.1% compared to the same quarter last year. As a group, research analysts anticipate that Chimera Investment Co. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CIM has been the subject of several research reports. Credit Suisse Group reduced their target price on Chimera Investment to $9.50 in a research note on Friday, July 22nd. Barclays reduced their target price on Chimera Investment from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, July 18th.

Chimera Investment Company Profile

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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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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