Joseph P. Lucia & Associates LLC Buys 10,778 Shares of CHIMERA INVT CO/SH NEW (NYSE:CIM)
Joseph P. Lucia & Associates LLC boosted its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 148.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,058 shares of the real estate investment trust’s stock after purchasing an additional 10,778 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in CHIMERA INVT CO/SH NEW were worth $341,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CIM. Penserra Capital Management LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the first quarter valued at approximately $25,000. Executive Wealth Management LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the first quarter valued at approximately $28,000. Princeton Capital Management LLC increased its holdings in CHIMERA INVT CO/SH NEW by 90.9% during the first quarter. Princeton Capital Management LLC now owns 2,772 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,320 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in CHIMERA INVT CO/SH NEW during the second quarter valued at approximately $54,000. Finally, Carroll Financial Associates Inc. increased its holdings in CHIMERA INVT CO/SH NEW by 50.0% during the second quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 51.94% of the company’s stock.
Shares of NYSE CIM remained flat at $$19.19 during midday trading on Monday. 416,122 shares of the stock were exchanged, compared to its average volume of 1,041,505. The business has a 50-day moving average price of $19.05. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.09. The company has a market cap of $3.59 billion, a P/E ratio of 8.20 and a beta of 0.60. CHIMERA INVT CO/SH NEW has a 1 year low of $16.88 and a 1 year high of $19.42.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, June 28th will be paid a $0.50 dividend. The ex-dividend date is Thursday, June 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.42%. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is presently 85.47%.
Separately, Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
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.
Further Reading: What is a CD ladder?
Receive News & Ratings for CHIMERA INVT CO/SH NEW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CHIMERA INVT CO/SH NEW and related companies with MarketBeat.com's FREE daily email newsletter.