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Latest on REIT: Chimera Investment Corporation (CIM) & Anworth Mortgage Asset Corporation (ANH)’s Gains, AG Mortgage Investment Trust Inc (MITT)’s New CFO

Editor’s Note: Chimera Investment Corporation (NYSE:CIM), Anworth Mortgage Asset Corporation (NYSE:ANH), AG Mortgage Investment Trust Inc (NYSE:MITT), Ares Commercial Real Estate Corp (NYSE:ACRE)

Stock’s Buzzers – Chimera Investment Corporation (NYSE:CIM), Amarin Corporation plc (ADR) (NASDAQ:AMRN), Hecla Mining Company (NYSE:HL), Plug Power Inc (NASDAQ:PLUG) (Techsonian)
Chimera Investment Corporation (NYSE:CIM) managed to keep its gain at 0.68% on above-normal volume of 5.91M shares. The stock settled at $2.95 after floating in a range of $2.92 to $2.96. Its latest price has reached market capitalization of $3.03 billion. Its 52-week range has been $2.49 to $3.34. Chimera Investment Corporation (NYSE:CIM) operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes.

Chimera Investment Corporation (NYSE:CIM)

AG Mortgage Investment Trust Gets a New CFO (DailyFinance)
NYC-based AG Mortgage Investment Trust Inc (NYSE:MITT) got a new CFO this evening. On Wednesday after close of trading, AG Mortgage announced that its chief financial officer since its 2011 IPO, Frank Stadelmaier, has resigned his post, although he will remain a member of the board of directors. Replacing Stadelmaier will be Brian C. Sigman, the former principal accounting officer and treasurer of Newcastle Investment Corp., who has now become both AG Mortgage Investment Trust Inc (NYSE:MITT)’s CFO and its principal accounting officer as well.

Traders Stocks Alert (Anworth Mortgage Asset Corporation (NYSE:ANH), Finisar Corporation (NASDAQ:FNSR), Polycom Inc (NASDAQ:PLCM), ValueClick Inc(NASDAQ:VCLK) (SBWire)
Anworth Mortgage Asset Corporation (NYSE:ANH) shares climbed 2.26% to $4.53. ANH’s stock was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on August 26. Additionally, the company on July 29 reported core earnings available to common stockholders of $21.6 million, or $0.15 per diluted share, for the second quarter ended June 30, 2013. Core earnings consisted of $23 million of net income less $1.4 million of dividends paid to our preferred stockholders. This compares to core earnings of $22.2 million, or $0.15 per diluted share, for the first quarter ended March 31, 2013.

Chimera Investment Corporation (CIM), Freeport-McMoRan Copper & Gold Inc. (FCX), Anacor Pharmaceuticals Inc (ANAC): What This $5 Billion Hedge Fund Has Been Buying (Insider Monkey)
Today let’s look at Farallon Capital Management, founded by Thomas Steyer in 1986, and employing a bottom-up fundamental investing strategy. The biggest new holdings are Charter Communications and Smithfield Foods. Other new holdings of interest include Chimera Investment Corporation (NYSE:CIM). Chimera Investment sports a fat yield of 12%, but its payout has been shrinking and may continue to do so. It has taken on more risk than many of its brethren, and has had some trouble filing reports on time. With its stock in penny-stock territory, it just received an extension to continue its listing on the New York Stock Exchange. Some have questioned its hefty management fees.

Ares Commercial Real Estate Corp (NYSE:ACRE) closes Alliant Capital LLC acquisition (FinancialsTrend)
Ares Commercial Real Estate Corp (NYSE:ACRE) has announced that it has now closed the acquisition of Alliant Capital LLC. This acquisition has been announced earlier and the deal totaled $61 million. Of this amount $52.9M was in cash. The issuance of 588,235 ACRE shares was valued at $7.4M. This was based on the company’s common stock closing price of $12.65, on 30 August. Co-Chief Executive Officer of Ares Commercial Real Estate Corp (NYSE:ACRE), Todd Schuster said that the company expects the closure of this transaction will profit the shareholders as it strengthens the company’s direct-origination platform even as it provides further depth to the company via the addition of Alliant Capital LLC’s significant servicing-operation and experienced management team.

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