9,821 Shares in Chimera Investment Co. (NYSE:CIM) Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC purchased a new position in Chimera Investment Co. (NYSE:CIM – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,821 shares of the real estate investment trust’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Chimera Investment by 6.2% during the fourth quarter. Van ECK Associates Corp now owns 1,073,393 shares of the real estate investment trust’s stock worth $5,904,000 after buying an additional 62,448 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth $57,000. Firethorn Wealth Partners LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth $111,000. SG Americas Securities LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth $1,006,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Chimera Investment by 97.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 154,353 shares of the real estate investment trust’s stock worth $849,000 after buying an additional 76,100 shares in the last quarter. Hedge funds and other institutional investors own 47.06% of the company’s stock.

Chimera Investment Trading Up 1.5 %

Shares of CIM opened at $4.88 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 2.86. Chimera Investment Co. has a 12-month low of $4.76 and a 12-month high of $10.66. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $6.12. The firm has a market capitalization of $1.13 billion, a P/E ratio of -4.32 and a beta of 1.51.

Chimera Investment (NYSE:CIM – Get Rating) last posted its earnings results on Thursday, May 4th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Chimera Investment had a negative net margin of 25.38% and a positive return on equity of 9.79%. The company had revenue of $189.25 million during the quarter, compared to analyst estimates of $86.60 million. During the same period in the previous year, the company earned $0.39 EPS. Sell-side analysts forecast that Chimera Investment Co. will post 0.78 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group dropped their target price on shares of Chimera Investment from $6.50 to $5.50 in a report on Friday. StockNews.com began coverage on shares of Chimera Investment in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $7.00 price objective on shares of Chimera Investment in a report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.17.

About Chimera Investment

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Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.