BNP Paribas Financial Markets Trims Position in Chimera Investment Co. (NYSE:CIM)

BNP Paribas Financial Markets lowered its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,457 shares of the real estate investment trust's stock after selling 21,397 shares during the quarter. BNP Paribas Financial Markets' holdings in Chimera Investment were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp raised its position in shares of Chimera Investment by 9.6% during the 4th quarter. Northern Trust Corp now owns 800,838 shares of the real estate investment trust's stock valued at $11,212,000 after buying an additional 70,362 shares in the last quarter. Van ECK Associates Corp raised its position in Chimera Investment by 18.9% during the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock valued at $10,746,000 after purchasing an additional 122,088 shares in the last quarter. Callodine Capital Management LP raised its position in Chimera Investment by 9.8% during the fourth quarter. Callodine Capital Management LP now owns 450,000 shares of the real estate investment trust's stock valued at $6,300,000 after purchasing an additional 40,000 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Chimera Investment by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust's stock worth $5,118,000 after purchasing an additional 49,388 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Chimera Investment by 141.2% in the 4th quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust's stock worth $4,893,000 after purchasing an additional 204,584 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.

Chimera Investment Trading Down 1.3%

Shares of CIM traded down $0.17 during trading hours on Friday, hitting $13.18. The company had a trading volume of 553,138 shares, compared to its average volume of 593,127. Chimera Investment Co. has a 52-week low of $9.85 and a 52-week high of $16.89. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The stock's 50 day moving average price is $12.32 and its 200 day moving average price is $13.62. The firm has a market cap of $1.07 billion, a P/E ratio of 12.20 and a beta of 1.76.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. The business had revenue of $69.22 million for the quarter, compared to analysts' expectations of $72.07 million. On average, research analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.23%. Chimera Investment's dividend payout ratio is currently 98.67%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.50 to $15.00 in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

Insider Buying and Selling at Chimera Investment

In other news, Director Gerard Creagh acquired 12,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Chimera Investment Company Profile

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.