Barclays PLC raised its stake in Chimera Investment Co. (NYSE:CIM - Free Report) by 301.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,295 shares of the real estate investment trust's stock after buying an additional 137,655 shares during the period. Barclays PLC owned about 0.23% of Chimera Investment worth $2,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in CIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Chimera Investment by 67.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust's stock valued at $2,337,000 after purchasing an additional 59,380 shares during the period. State Street Corp lifted its holdings in shares of Chimera Investment by 0.4% in the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock worth $31,010,000 after buying an additional 7,595 shares during the period. Jane Street Group LLC grew its position in shares of Chimera Investment by 5.1% during the 3rd quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust's stock worth $2,232,000 after buying an additional 6,803 shares in the last quarter. Harbour Investments Inc. purchased a new position in shares of Chimera Investment during the second quarter valued at $796,000. Finally, Quarry LP raised its holdings in shares of Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 2,032 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $14.91 per share, with a total value of $745,500.00. Following the completion of the acquisition, the executive now directly owns 100,000 shares of the company's stock, valued at $1,491,000. This represents a 100.00 % 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. Corporate insiders own 0.91% of the company's stock.
Chimera Investment Stock Up 0.7 %
NYSE CIM traded up $0.10 during trading on Wednesday, reaching $14.37. 339,733 shares of the company's stock traded hands, compared to its average volume of 594,933. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The company's 50 day simple moving average is $14.97 and its two-hundred day simple moving average is $14.77. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month high of $16.89. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 4.35 and a beta of 1.71.
Chimera Investment (NYSE:CIM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, sell-side analysts forecast that Chimera Investment Co. will post 1.47 EPS for the current fiscal year.
Chimera Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 10.30%. Chimera Investment's dividend payout ratio (DPR) is 44.85%.
Chimera Investment Company Profile
(
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.
Featured Articles
Before you consider Chimera Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chimera Investment wasn't on the list.
While Chimera Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
