KBC Group NV lessened its position in Chimera Investment Co. (NYSE:CIM) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 307,105 shares of the real estate investment trust’s stock after selling 13,928 shares during the quarter. KBC Group NV’s holdings in Chimera Investment were worth $5,675,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CIM. The Manufacturers Life Insurance Company raised its holdings in shares of Chimera Investment by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chimera Investment by 77.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,286 shares during the period. SG Americas Securities LLC purchased a new stake in Chimera Investment during the 3rd quarter worth about $145,000. Kovack Advisors Inc. purchased a new stake in Chimera Investment during the 4th quarter worth about $191,000. Finally, Private Advisor Group LLC purchased a new stake in Chimera Investment during the 3rd quarter worth about $196,000. Hedge funds and other institutional investors own 50.50% of the company’s stock.
In other Chimera Investment news, CIO Mohit Marria acquired 3,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were acquired at an average price of $25.82 per share, for a total transaction of $77,460.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.
Several equities research analysts have weighed in on CIM shares. Zacks Investment Research downgraded Chimera Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Chimera Investment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 5th. Deutsche Bank upgraded Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Credit Suisse Group upgraded Chimera Investment from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $18.01 to $19.00 in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price target on shares of Chimera Investment in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Chimera Investment has an average rating of “Hold” and an average target price of $18.75.
Shares of Chimera Investment Co. (NYSE CIM) opened at $17.64 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.72. Chimera Investment Co. has a 1-year low of $15.77 and a 1-year high of $20.90. The firm has a market capitalization of $3,312.95, a PE ratio of 6.76 and a beta of 0.60.
Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Chimera Investment had a return on equity of 12.97% and a net margin of 46.07%. The company had revenue of $157.75 million for the quarter, compared to the consensus estimate of $148.90 million. During the same quarter in the prior year, the business earned $0.65 EPS. equities analysts expect that Chimera Investment Co. will post 2.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.34%. Chimera Investment’s payout ratio is currently 76.63%.
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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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