Financial giant, Barclays PLC, has announced its expansion of holdings in real estate investment trust (REIT), Chimera Investment Co. (NYSE:CIM) by a staggering 722.7%. According to the company’s most recent filing with the Securities & Exchange Commission, Barclays now owns approximately 0.56% of Chimera Investment worth $7,136,000.
This announcement comes as no surprise given that REITs provide an effective way for investors to gain exposure to the real estate market without owning physical properties. REITs allow investors to pool their financial resources together and invest in a diverse range of property types such as commercial, residential or industrial. This method allows individuals and institutions alike to reap the benefits of owning real estate whilst minimizing risks such as liquidity and management.
CIM has not had an easy year with a fifty-two week low of $4.48 and a high of $10.66, it currently stands at $5.26 after increasing its trading volume by over half a million shares in Monday’s trading hours alone.
For those interested in tracking activity surrounding CIM or other hedge funds holding shares within this particular stock, HoldingsChannel.com is offering access to 13F filings and insider trades providing valuable insight into market trends.
It seems that Barclays’ move towards CIM signifies their confidence in the current real estate market despite ongoing uncertainty caused by global events such as Brexit talks or trade wars.
Whatever the reasoning behind companies making such bold moves within investment sectors may be, it is clear that REITs are set to remain one of the most attractive financial instruments for some while yet, enticing investors from all walks due to their unique blend of security and predictability alongside lucrative opportunities for growth.
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Potential for Long-Term Growth: An Overview of Chimera Investment Co.
Chimera Investment Co. is a reputable real estate investment trust listed on the New York Stock Exchange as CIM. The company prides itself on investing in a diversified portfolio that includes mortgage assets, such as residential and commercial mortgages, and real estate-related assets like CMBS. The company was founded on June 1st, 2007 and has grown to be one of the best real estate investment trusts with a range of institutional investors who believe they have a fantastic portfolio and enjoy significant success with their investments.
The latest hedge fund activities show that many institutional investors are increasing their holdings in Chimera Investment Co. &Other large investors recently made changes to their positions in CIM. LPL Financial LLC raised its position in shares by 0.9% while Mercer Global Advisors Inc. ADV boosted its position by 0.5%. Mackenzie Financial Corp increased its stakes by 6.4%, while Bank of Montreal Can now owns additional shares worth $121,000 after buying an additional 1,611 shares during the period.
The latest research reports suggest that Chimera Investment is worth watching out for closely despite fluctuations in market volatility. It got an average rating of “Hold” from Bloomberg.com analysts who indicate an average price target of $7.17 per share. In one report, Royal Bank of Canada gave the company an “outperform” rating and issued a $7 price target while Credit Suisse Group reduced Chimera’s price target from $6.50 to $5.50.
Chimera Investments’ last earnings report published Thursday May 4th showed weak results where it missed analysts’ consensus estimate – making just short of $0.13 earnings per share for Q2 instead of $0.16 – although it beat expectations on revenue ($189 million compared to analysts’ estimates amounting to$86 million). Despite delayed growth reported earlier this year through sell-side analysis firm, Reuters, suggesting a decline in income since 2019, CIM remains an impressive real estate investment trust with significant potential for long-term growth and development.