Chimera Investment Co. (NYSE:CIM) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in Chimera Investment Co. (NYSE:CIM - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,603 shares of the real estate investment trust's stock after buying an additional 49,388 shares during the period. Bank of New York Mellon Corp owned 0.45% of Chimera Investment worth $5,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of 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 last quarter. Geode Capital Management LLC boosted its position in shares of Chimera Investment by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust's stock valued at $29,439,000 after purchasing an additional 32,835 shares during the period. Van ECK Associates Corp grew its stake in Chimera Investment by 18.9% during the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock worth $10,746,000 after buying an additional 122,088 shares during the last quarter. Wolverine Asset Management LLC increased its position in Chimera Investment by 28.8% during the fourth quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust's stock worth $2,673,000 after buying an additional 42,741 shares during the period. Finally, Barclays PLC lifted its stake in Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock valued at $2,901,000 after buying an additional 137,655 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CIM. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th.

Insider Transactions at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now owns 138,127 shares of the company's stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.91% of the company's stock.

Chimera Investment Stock Performance

Shares of NYSE CIM traded down $0.12 during mid-day trading on Friday, hitting $13.52. 486,846 shares of the company were exchanged, compared to its average volume of 553,595. The stock has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $14.78. Chimera Investment Co. has a 1-year low of $11.29 and a 1-year high of $16.89. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 12.51 and a beta of 1.76.

Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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, sell-side analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date is Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is 137.04%.

Chimera Investment Profile

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.