JPMorgan Chase & Co. lifted its position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 84.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,935 shares of the real estate investment trust's stock after buying an additional 142,105 shares during the quarter. JPMorgan Chase & Co. owned about 0.38% of Chimera Investment worth $4,339,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Chimera Investment in the fourth quarter worth $2,004,000. Barclays PLC increased 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 during the period. Van ECK Associates Corp increased its position in shares of Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock worth $10,746,000 after purchasing an additional 122,088 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Chimera Investment in the fourth quarter worth $856,000. Finally, Bank of New York Mellon Corp increased its position in shares of Chimera Investment by 15.6% in the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust's stock worth $5,118,000 after purchasing an additional 49,388 shares during the period. Institutional investors and hedge funds own 48.44% of the company's stock.
Insider Activity
In other news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now directly owns 138,127 shares of the company's stock, 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 available at this link. Insiders own 0.91% of the company's stock.
Wall Street Analyst Weigh In
CIM has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a research report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.
Check Out Our Latest Report on Chimera Investment
Chimera Investment Price Performance
NYSE:CIM traded up $0.08 on Thursday, hitting $11.66. The company had a trading volume of 62,627 shares, compared to its average volume of 598,435. The stock has a market capitalization of $943.56 million, a price-to-earnings ratio of 10.80 and a beta of 1.47. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The firm has a 50 day moving average of $12.81 and a two-hundred day moving average of $14.09. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89.
Chimera Investment (NYSE:CIM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, research analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current year.
Chimera Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.69%. The ex-dividend date is Monday, March 31st. Chimera Investment's payout ratio is currently 137.04%.
Chimera Investment Profile
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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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