D. E. Shaw & Co. Inc. decreased its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 67.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,902 shares of the real estate investment trust's stock after selling 144,787 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.09% of Chimera Investment worth $993,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in CIM. Quarry LP grew its stake in shares of Chimera Investment by 1,691.7% in the 4th 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. New Age Alpha Advisors LLC bought a new stake in Chimera Investment during the fourth quarter worth approximately $56,000. Hillsdale Investment Management Inc. bought a new stake in Chimera Investment during the fourth quarter worth approximately $65,000. Summit Securities Group LLC bought a new stake in Chimera Investment during the fourth quarter worth approximately $111,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Chimera Investment during the fourth quarter worth approximately $170,000. Institutional investors own 48.44% of the company's stock.
Insider Activity
In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of Chimera Investment stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.
Chimera Investment Stock Performance
Shares of CIM traded up $0.13 during mid-day trading on Thursday, hitting $13.33. The company's stock had a trading volume of 52,277 shares, compared to its average volume of 605,375. Chimera Investment Co. has a one year low of $9.85 and a one year high of $16.89. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The firm has a market capitalization of $1.08 billion, a PE ratio of 12.34 and a beta of 1.76. The stock's 50-day moving average is $12.32 and its two-hundred day moving average is $13.65.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. The company had revenue of $69.22 million during the quarter, compared to analysts' expectations of $72.07 million. As a group, sell-side analysts anticipate that Chimera Investment Co. will post 1.57 EPS for the current year.
Chimera Investment Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.10%. Chimera Investment's dividend payout ratio is 98.67%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on CIM shares. Royal Bank of Canada raised Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. Wall Street Zen raised Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group raised Chimera Investment from a "neutral" rating to a "buy" rating and upped their target price for the stock from $11.50 to $15.00 in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.50.
View Our Latest Stock Analysis on CIM
Chimera Investment Company Profile
(
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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