Rhumbline Advisers reduced its holdings in Chimera Investment Corporation (NYSE:CIM) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,647 shares of the real estate investment trust’s stock after selling 7,140 shares during the period. Rhumbline Advisers owned approximately 0.10% of Chimera Investment worth $3,721,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Providence First Trust Co acquired a new position in Chimera Investment during the 3rd quarter worth approximately $1,375,000. New York State Common Retirement Fund raised its position in Chimera Investment by 3.5% in the 3rd quarter. New York State Common Retirement Fund now owns 588,371 shares of the real estate investment trust’s stock valued at $11,132,000 after purchasing an additional 20,000 shares during the last quarter. Global X MANAGEMENT CO LLC raised its position in Chimera Investment by 5.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,050,394 shares of the real estate investment trust’s stock valued at $19,873,000 after purchasing an additional 52,057 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Chimera Investment in the 3rd quarter valued at $539,000. Finally, First Quadrant L P CA purchased a new stake in Chimera Investment in the 3rd quarter valued at $368,000. 50.73% of the stock is currently owned by hedge funds and other institutional investors.
CIM has been the subject of several research reports. BidaskClub upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine upgraded shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price target on shares of Chimera Investment in a research note on Friday, October 6th. Finally, Barclays set a $18.00 price target on shares of Chimera Investment and gave the stock a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.83.
In related news, insider Mohit Marria bought 6,625 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.89 per share, for a total transaction of $118,521.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.
Chimera Investment Corporation (CIM) opened at $18.67 on Thursday. Chimera Investment Corporation has a 1-year low of $16.43 and a 1-year high of $20.90. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market cap of $3,517.14, a P/E ratio of 7.87 and a beta of 0.85.
Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The company had revenue of $156.46 million for the quarter, compared to analyst estimates of $150.29 million. During the same quarter last year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. equities analysts expect that Chimera Investment Corporation will post 2.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Thursday, December 28th. Chimera Investment’s dividend payout ratio is presently 61.35%.
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About Chimera Investment
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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