Raymond James Financial Inc. acquired a new position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CIM. Atria Investments Inc increased its holdings in Chimera Investment by 18.1% during the 4th quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 3,018 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth approximately $56,000. Hillsdale Investment Management Inc. acquired a new stake in Chimera Investment in the fourth quarter valued at approximately $65,000. SG Americas Securities LLC lifted 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 worth $296,000 after acquiring an additional 5,951 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in Chimera Investment by 60.4% during the 4th quarter. Virtu Financial LLC now owns 18,845 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 7,094 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts recently commented 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 cut Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd.
View Our Latest Research Report on Chimera Investment
Chimera Investment Price Performance
Shares of NYSE:CIM opened at $12.03 on Thursday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89. The firm has a market capitalization of $974.07 million, a P/E ratio of 11.14 and a beta of 1.76. The company's fifty day moving average price is $12.45 and its 200 day moving average price is $13.86.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, sell-side analysts predict 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. Investors of record on Monday, March 31st were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.30%. The ex-dividend date was Monday, March 31st. Chimera Investment's dividend payout ratio is currently 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.
Further Reading
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