Advisors Asset Management Inc. lowered its stake in Chimera Investment Co. (NYSE:CIM - Free Report) by 19.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 536,078 shares of the real estate investment trust's stock after selling 126,620 shares during the period. Advisors Asset Management Inc. owned approximately 0.67% of Chimera Investment worth $8,486,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Moloney Securities Asset Management LLC boosted its holdings in Chimera Investment by 14.1% during the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust's stock valued at $220,000 after acquiring an additional 1,719 shares during the period. Quarry LP increased its position in Chimera Investment by 1,188.3% in the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust's stock worth $28,000 after buying an additional 2,032 shares during the period. ProShare Advisors LLC boosted its position in shares of Chimera Investment by 8.5% in the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust's stock valued at $189,000 after acquiring an additional 3,218 shares during the period. Atria Investments Inc grew its stake in shares of Chimera Investment by 32.8% in the third quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 4,110 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Chimera Investment during the 3rd quarter valued at $65,000. 48.44% of the stock is owned by institutional investors.
Chimera Investment Price Performance
CIM stock traded up $0.08 during trading on Thursday, hitting $14.60. The company had a trading volume of 61,038 shares, compared to its average volume of 600,967. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. The company has a fifty day moving average price of $15.48 and a two-hundred day moving average price of $14.58. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The company has a market cap of $1.18 billion, a P/E ratio of 4.40 and a beta of 1.73.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same period in the previous year, the company posted $0.39 EPS. Equities research analysts expect that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.
Chimera Investment Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Chimera Investment's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 10.14%. Chimera Investment's dividend payout ratio is 44.85%.
Analysts Set New Price Targets
A number of research firms recently weighed in on CIM. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Thursday, August 8th.
Read Our Latest Stock Report on Chimera Investment
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.
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