Leeward Investments LLC MA lessened its holdings in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure 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 quarter. Leeward Investments LLC MA owned about 0.65% of Chimera Investment worth $6,731,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CIM. Investment Partners Asset Management Inc. raised its holdings in shares of Chimera Investment by 10.2% in the 1st quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust's stock valued at $185,000 after purchasing an additional 1,338 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Chimera Investment by 4.9% during the 4th quarter. Sterling Capital Management LLC now owns 29,111 shares of the real estate investment trust's stock worth $408,000 after acquiring an additional 1,357 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Chimera Investment by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 49,231 shares of the real estate investment trust's stock valued at $689,000 after acquiring an additional 2,694 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Chimera Investment by 18.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust's stock worth $225,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Chimera Investment by 18.1% in the fourth quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 3,018 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Wall Street Zen raised Chimera Investment from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. UBS Group upgraded shares of Chimera Investment from a "neutral" rating to a "buy" rating and raised their target price for the stock from $11.50 to $15.00 in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chimera Investment presently has an average rating of "Moderate Buy" and an average price target of $15.50.
View Our Latest Analysis on CIM
Chimera Investment Stock Performance
Shares of Chimera Investment stock traded up $0.01 during trading hours on Friday, hitting $14.25. 445,956 shares of the company were exchanged, compared to its average volume of 571,014. The business has a 50-day moving average of $13.37 and a 200-day moving average of $13.45. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $16.89. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.93. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.50 and a beta of 1.74.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results 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. The business had revenue of $69.22 million for 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%. As a group, analysts expect that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.
Chimera Investment Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.39%. Chimera Investment's payout ratio is 98.67%.
Chimera Investment 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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