First Trust Advisors LP Has $3.73 Million Holdings in Chimera Investment Co. (NYSE:CIM)

First Trust Advisors LP decreased its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 266,470 shares of the real estate investment trust's stock after selling 36,767 shares during the period. First Trust Advisors LP owned about 0.33% of Chimera Investment worth $3,731,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CIM. Barclays PLC lifted its position in shares of Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock worth $2,901,000 after purchasing an additional 137,655 shares in the last quarter. Prudential Financial Inc. increased its stake in Chimera Investment by 79.0% in the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust's stock valued at $793,000 after buying an additional 25,000 shares during the period. JPMorgan Chase & Co. lifted its position in Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock worth $4,339,000 after buying an additional 142,105 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Chimera Investment by 66.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock valued at $1,400,000 after buying an additional 40,000 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Chimera Investment during the 4th quarter valued at $468,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gerard Creagh bought 12,500 shares of Chimera Investment stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the purchase, the director now owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CIM shares. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Chimera Investment Trading Up 1.6 %

NYSE:CIM opened at $12.35 on Friday. The company's 50 day moving average is $12.57 and its 200-day moving average is $13.94. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89. The firm has a market cap of $999.40 million, a price-to-earnings ratio of 11.43 and a beta of 1.47.

Chimera Investment (NYSE:CIM - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. Equities analysts anticipate that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.98%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment's dividend payout ratio is currently 137.04%.

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.

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