Lakeview Capital Partners LLC Invests $204,000 in CHIMERA INVT CO/SH NEW (NYSE:CIM)

Lakeview Capital Partners LLC bought a new position in CHIMERA INVT CO/SH NEW (NYSE:CIM) in the second quarter, HoldingsChannel.com reports. The fund bought 10,815 shares of the real estate investment trust’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently modified their holdings of CIM. Advisory Services Network LLC increased its holdings in CHIMERA INVT CO/SH NEW by 4.2% during the 1st quarter. Advisory Services Network LLC now owns 90,099 shares of the real estate investment trust’s stock valued at $1,688,000 after purchasing an additional 3,591 shares in the last quarter. Martingale Asset Management L P increased its holdings in CHIMERA INVT CO/SH NEW by 10.9% during the 1st quarter. Martingale Asset Management L P now owns 612,273 shares of the real estate investment trust’s stock valued at $11,476,000 after purchasing an additional 60,319 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in CHIMERA INVT CO/SH NEW during the 1st quarter valued at $590,000. SevenBridge Financial Group LLC increased its holdings in CHIMERA INVT CO/SH NEW by 267.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 7,425 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 5,405 shares in the last quarter. Finally, Pegasus Asset Management Inc. increased its holdings in CHIMERA INVT CO/SH NEW by 1.6% during the 1st quarter. Pegasus Asset Management Inc. now owns 47,705 shares of the real estate investment trust’s stock valued at $894,000 after purchasing an additional 770 shares in the last quarter. 51.98% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on CIM shares. Zacks Investment Research cut CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a report on Monday. Credit Suisse Group cut CHIMERA INVT CO/SH NEW from an “outperform” rating to a “neutral” rating and set a $19.50 price target for the company. in a report on Wednesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.75.

CIM traded down $0.27 during mid-day trading on Wednesday, reaching $19.42. The stock had a trading volume of 946,978 shares, compared to its average volume of 1,531,898. The stock has a market capitalization of $3.69 billion, a P/E ratio of 8.30 and a beta of 0.59. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.02 and a current ratio of 0.02. The firm’s fifty day simple moving average is $19.33 and its two-hundred day simple moving average is $18.99. CHIMERA INVT CO/SH NEW has a 52 week low of $16.88 and a 52 week high of $19.97.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The firm had revenue of $141.80 million during the quarter, compared to the consensus estimate of $157.07 million. CHIMERA INVT CO/SH NEW had a net margin of 16.96% and a return on equity of 12.51%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. As a group, analysts expect that CHIMERA INVT CO/SH NEW will post 2.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.00 dividend on an annualized basis and a yield of 10.30%. CHIMERA INVT CO/SH NEW’s payout ratio is 85.47%.

About CHIMERA INVT CO/SH NEW

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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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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