Chimera Investment Co. (NYSE:CIM) Stock Holdings Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,357 shares of the real estate investment trust's stock after selling 115,721 shares during the quarter. Advisors Asset Management Inc. owned about 0.52% of Chimera Investment worth $5,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in shares of Chimera Investment during the third quarter worth about $65,000. Investment Partners Asset Management Inc. bought a new stake in shares of Chimera Investment in the fourth quarter worth $183,000. Virtu Financial LLC acquired a new stake in Chimera Investment in the third quarter valued at $186,000. BostonPremier Wealth LLC bought a new position in Chimera Investment during the 4th quarter valued at $204,000. Finally, International Assets Investment Management LLC acquired a new position in Chimera Investment during the 4th quarter worth $253,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction 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 purchase, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CIM. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a research report 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 reaffirmed a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Chimera Investment Stock Performance

Shares of CIM traded down $0.01 during mid-day trading on Monday, reaching $13.54. 678,847 shares of the company's stock traded hands, compared to its average volume of 554,019. 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 business's 50-day moving average price is $14.15 and its 200-day moving average price is $14.76. The stock has a market capitalization of $1.10 billion, a P/E ratio of 12.53 and a beta of 1.76. Chimera Investment Co. has a 12 month low of $11.29 and a 12 month high of $16.89.

Chimera Investment (NYSE:CIM - Get Free Report) last announced its quarterly 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 return on equity of 7.00% and a net margin of 20.28%. Equities analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.93%. Chimera Investment's dividend payout ratio (DPR) is 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.