Chimera Investment Co. (NYSE:CIM - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.94 and last traded at $12.35, with a volume of 634557 shares changing hands. The stock had previously closed at $12.30.
Wall Street Analysts Forecast Growth
CIM has been the subject of several recent research reports. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.
Get Our Latest Stock Analysis on Chimera Investment
Chimera Investment Trading Down 1.4 %
The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The stock has a market capitalization of $972.04 million, a price-to-earnings ratio of 11.14 and a beta of 1.76. The business has a fifty day moving average of $12.53 and a 200-day moving average of $13.89.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, equities analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.
Chimera Investment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.37 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.33%. Chimera Investment's dividend payout ratio is currently 137.04%.
Insider Buying and Selling at Chimera Investment
In other news, Director Gerard Creagh purchased 12,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company's stock.
Hedge Funds Weigh In On Chimera Investment
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Chimera Investment by 1,691.7% in the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after buying an additional 3,062 shares during the period. GAMMA Investing LLC boosted its position in Chimera Investment by 8,728.6% during the 1st quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 3,666 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Chimera Investment in the 4th quarter valued at about $56,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Chimera Investment in the fourth quarter worth approximately $65,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Chimera Investment during the fourth quarter worth approximately $111,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.
About Chimera Investment
(
Get Free Report)
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.
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