Leeward Investments LLC MA Sells 19,484 Shares of Chimera Investment Corporation (NYSE:CIM)

Leeward Investments LLC MA cut its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.65% of Chimera Investment worth $6,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CIM. Norges Bank acquired a new position in shares of Chimera Investment in the fourth quarter valued at approximately $3,827,000. LSV Asset Management increased its stake in shares of Chimera Investment by 141.2% in the fourth quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust's stock valued at $4,893,000 after buying an additional 204,584 shares during the period. Teacher Retirement System of Texas acquired a new stake in Chimera Investment during the 4th quarter valued at approximately $2,004,000. JPMorgan Chase & Co. increased its position in Chimera Investment by 84.7% during the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock valued at $4,339,000 after purchasing an additional 142,105 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in Chimera Investment during the 4th quarter valued at approximately $1,231,000. Institutional investors and hedge funds own 48.44% of the company's stock.

Wall Street Analyst Weigh In

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

Chimera Investment Trading Up 0.0%

NYSE:CIM traded up $0.01 on Friday, reaching $14.25. 445,956 shares of the stock traded hands, compared to its average volume of 569,990. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.50 and a beta of 1.74. Chimera Investment Corporation has a 1-year low of $9.85 and a 1-year high of $16.89. The company's 50 day moving average is $13.37 and its 200-day moving average is $13.44. 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 posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $69.22 million for the quarter, compared to analysts' expectations of $72.07 million. Chimera Investment had a return on equity of 7.25% and a net margin of 25.12%. Equities research analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date is Monday, June 30th. Chimera Investment's payout ratio is 98.67%.

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.