Chimera Investment Corporation (NYSE:CIM) Stock Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Chimera Investment Corporation (NYSE:CIM - Free Report) by 27.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,957 shares of the real estate investment trust's stock after selling 39,201 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Chimera Investment worth $1,334,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quarry LP grew its stake 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 valued at $45,000 after buying an additional 3,062 shares in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $48,000 after purchasing an additional 3,666 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Chimera Investment during the 4th quarter valued at approximately $56,000. Hillsdale Investment Management Inc. acquired a new stake in Chimera Investment during the 4th quarter valued at approximately $65,000. Finally, Summit Securities Group LLC acquired a new stake in Chimera Investment during the 4th quarter valued at approximately $111,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CIM shares. Keefe, Bruyette & Woods lowered their price objective on Chimera Investment from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, July 10th. UBS Group raised their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.50.

Chimera Investment Stock Performance

Shares of CIM traded up $0.14 during mid-day trading on Wednesday, hitting $13.95. The stock had a trading volume of 536,992 shares, compared to its average volume of 563,203. The company has a market cap of $1.13 billion, a PE ratio of 9.30 and a beta of 1.74. The company's fifty day simple moving average is $13.63 and its two-hundred day simple moving average is $13.44. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.93. Chimera Investment Corporation has a fifty-two week low of $9.85 and a fifty-two week high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $69.22 million during the quarter, compared to analyst estimates of $72.07 million. Chimera Investment had a return on equity of 7.25% and a net margin of 25.12%. On average, equities analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.61%. Chimera Investment's payout ratio is 98.67%.

Chimera Investment 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.