Raymond James Financial Inc. acquired a new position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CIM. Barclays PLC boosted its position in shares of Chimera Investment by 301.6% during the 3rd 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. Virtu Financial LLC bought a new position in shares of Chimera Investment during the 3rd quarter worth about $186,000. Franklin Resources Inc. boosted its position in shares of Chimera Investment by 10.1% during the 3rd quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust's stock worth $1,302,000 after purchasing an additional 7,825 shares in the last quarter. International Assets Investment Management LLC bought a new position in Chimera Investment in the 4th quarter valued at about $253,000. Finally, SG Americas Securities LLC lifted its position in Chimera Investment by 39.2% in the 4th 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 in the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CIM has been the topic of several recent analyst reports. Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.
View Our Latest Stock Report on Chimera Investment
Insider Transactions at Chimera Investment
In related news, Director Gerard Creagh acquired 12,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. This represents a 9.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.
Chimera Investment Price Performance
CIM stock traded up $0.05 during trading on Tuesday, reaching $12.96. The company's stock had a trading volume of 109,844 shares, compared to its average volume of 598,946. The company's fifty day moving average is $12.38 and its 200-day moving average is $13.78. Chimera Investment Co. has a 1 year low of $9.85 and a 1 year high of $16.89. The company has a market capitalization of $1.05 billion, a P/E ratio of 12.00 and a beta of 1.76. 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 (NYSE:CIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, research analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.
Chimera Investment Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date was Monday, March 31st. Chimera Investment's payout ratio 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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