Leeward Investments LLC MA Lowers Holdings in Chimera Investment Corporation (NYSE:CIM)

Leeward Investments LLC MA lessened its stake in shares of Chimera Investment Corporation (NYSE:CIM - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other large investors also recently bought and sold shares of CIM. Quarry LP lifted its stake in Chimera Investment by 1,691.7% during the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 3,062 shares during the period. GAMMA Investing LLC raised its position in shares of Chimera Investment by 8,728.6% in the first quarter. GAMMA Investing LLC now owns 3,708 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 3,666 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Chimera Investment in the fourth quarter valued at about $56,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Chimera Investment in the fourth quarter valued at about $65,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Chimera Investment in the fourth quarter valued at about $111,000. Hedge funds and other institutional investors own 48.44% of the company's stock.

Chimera Investment Trading Up 0.4%

Shares of CIM traded up $0.06 during mid-day trading on Tuesday, reaching $14.17. The stock had a trading volume of 424,965 shares, compared to its average volume of 569,176. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.70 and a quick ratio of 3.70. Chimera Investment Corporation has a 52-week low of $9.85 and a 52-week high of $16.89. The business's fifty day moving average is $13.45 and its 200 day moving average is $13.45. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.45 and a beta of 1.74.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share 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 net margin of 25.12% and a return on equity of 7.25%. On average, sell-side analysts predict that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.44%. The ex-dividend date of this dividend is Monday, June 30th. Chimera Investment's dividend payout ratio (DPR) is presently 98.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CIM. Royal Bank Of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. Wall Street Zen raised shares of Chimera Investment from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, UBS Group raised shares of Chimera Investment from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.50 to $15.00 in a report on Wednesday, May 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. Based on data from MarketBeat.com, Chimera Investment currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

About Chimera Investment

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.