Raymond James Financial Inc. bought a new position in Chimera Investment Co. (NYSE:CIM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,323 shares of the real estate investment trust's stock, valued at approximately $649,000. Raymond James Financial Inc. owned 0.06% of Chimera Investment at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc raised its stake in shares of Chimera Investment by 18.1% in the 4th quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust's stock valued at $275,000 after buying an additional 3,018 shares in the last quarter. SG Americas Securities LLC increased its stake in Chimera Investment by 39.2% in the fourth quarter. SG Americas Securities LLC now owns 21,138 shares of the real estate investment trust's stock valued at $296,000 after acquiring an additional 5,951 shares during the period. Jane Street Group LLC raised its position in Chimera Investment by 5.1% in the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust's stock worth $2,232,000 after purchasing an additional 6,803 shares in the last quarter. State Street Corp lifted its stake in Chimera Investment by 0.4% during the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock worth $31,010,000 after purchasing an additional 7,595 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Chimera Investment by 10.1% during the third quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust's stock valued at $1,302,000 after purchasing an additional 7,825 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company's stock.
Insider Activity at Chimera Investment
In related news, Director Gerard Creagh acquired 12,500 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares in the company, valued at $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CIM shares. Royal Bank of Canada raised Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, StockNews.com cut Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, February 13th.
Read Our Latest Analysis on Chimera Investment
Chimera Investment Price Performance
Chimera Investment stock traded down $0.18 during trading hours on Friday, hitting $10.70. 764,867 shares of the stock were exchanged, compared to its average volume of 595,093. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89. The business's 50-day moving average is $13.36 and its two-hundred day moving average is $14.33. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The stock has a market capitalization of $865.47 million, a P/E ratio of 9.90 and a beta of 1.47.
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 EPS 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 research analysts expect that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.
Chimera Investment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.84%. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.
About Chimera Investment
(
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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