Leeward Investments LLC MA cut its position in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 524,636 shares of the real estate investment trust's stock after selling 19,484 shares during the period. Leeward Investments LLC MA owned approximately 0.65% of Chimera Investment worth $6,731,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its stake in Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 3,062 shares during the period. GAMMA Investing LLC raised its stake in Chimera Investment by 8,728.6% during the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 3,666 shares during the period. New Age Alpha Advisors LLC purchased a new position in Chimera Investment during the fourth quarter worth about $56,000. Hillsdale Investment Management Inc. purchased a new position in Chimera Investment during the fourth quarter worth about $65,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Chimera Investment in the 4th quarter valued at approximately $111,000. 48.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and boosted their price target for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.
Read Our Latest Report on Chimera Investment
Chimera Investment Stock Performance
CIM stock traded down $0.15 on Monday, hitting $14.20. The company's stock had a trading volume of 257,467 shares, compared to its average volume of 568,774. The firm has a 50 day moving average of $13.37 and a two-hundred day moving average of $13.44. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $16.89. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 9.46 and a beta of 1.74. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. Chimera Investment had a net margin of 25.12% and a return on equity of 7.25%. Equities analysts predict that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.
Chimera Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.43%. Chimera Investment's payout ratio is 98.67%.
Chimera Investment Company Profile
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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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