Mitsubishi UFJ Trust & Banking Corp Has $176,000 Holdings in Chimera Investment Corporation $CIM

Key Points

• Mitsubishi UFJ Trust & Banking Corp. reduced its Chimera Investment stake by 90.2% in the second quarter, leaving it with 13,193 shares valued at approximately $176,000. Institutional investors collectively own 48.44% of CIM.
• Chimera Investment reported quarterly earnings of $0.46 per share, missing analyst expectations of $0.54, while revenue of $94.77 million was slightly below estimates.
• The company declared a quarterly dividend of $0.45 per share, equating to an annualized $1.80 payout and a 15.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $14.50.

Mitsubishi UFJ Trust & Banking Corp cut its position in Chimera Investment Corporation (NYSE:CIM - Free Report) by 90.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,193 shares of the real estate investment trust's stock after selling 121,562 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Chimera Investment were worth $176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CIM. Kennicott Capital Management LLC raised its stake in Chimera Investment by 106.3% during the second quarter. Kennicott Capital Management LLC now owns 32,673 shares of the real estate investment trust's stock worth $436,000 after acquiring an additional 16,835 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Chimera Investment in the 1st quarter valued at approximately $255,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Chimera Investment in the 1st quarter valued at approximately $885,000. Bank of America Corp DE grew its holdings in shares of Chimera Investment by 72.2% during the 1st quarter. Bank of America Corp DE now owns 125,171 shares of the real estate investment trust's stock valued at $1,571,000 after purchasing an additional 52,495 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Chimera Investment during the 1st quarter valued at approximately $545,000. Institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Down 0.4%

Chimera Investment stock opened at $11.81 on Friday. The firm has a market cap of $988.62 million, a price-to-earnings ratio of -11.58 and a beta of 1.67. Chimera Investment Corporation has a 52-week low of $11.46 and a 52-week high of $14.88. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $13.10.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). Chimera Investment had a return on equity of 9.82% and a net margin of 0.14%.The firm had revenue of $94.77 million for the quarter, compared to analyst estimates of $95.30 million.

Chimera Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 15.2%. Chimera Investment's dividend payout ratio is -176.47%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CIM shares. Wall Street Zen raised shares of Chimera Investment from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $14.00 price target on shares of Chimera Investment in a research note on Wednesday, June 3rd. Keefe, Bruyette & Woods cut their price objective on Chimera Investment from $15.00 to $14.00 and set a "market perform" rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings lowered Chimera Investment from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chimera Investment presently has a consensus rating of "Hold" and an average price target of $14.50.

Chimera Investment Company Profile

Chimera Investment Corporation NYSE: CIM is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company's portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm's core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.

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