Chimera Investment (NYSE:CIM) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Chimera Investment (NYSE:CIM - Free Report) from a buy rating to a hold rating in a research note released on Thursday.

Separately, JMP Securities restated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Stock Down 0.7 %

Shares of CIM traded down $0.10 during mid-day trading on Thursday, reaching $14.08. The company's stock had a trading volume of 736,401 shares, compared to its average volume of 488,732. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment has a 12-month low of $11.28 and a 12-month high of $16.89. The stock has a market cap of $1.14 billion, a PE ratio of 4.27 and a beta of 1.71. The company's 50 day moving average is $14.46 and its 200 day moving average is $14.95.

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 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. Equities analysts anticipate that Chimera Investment will post 1.47 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.52%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's payout ratio is currently 44.85%.

Insider Activity

In related news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of $14.70 per share, for a total transaction of $735,000.00. Following the transaction, the executive now directly owns 50,000 shares of the company's stock, valued at approximately $735,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of Chimera Investment by 1,691.7% during the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 3,062 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Chimera Investment in the 4th quarter valued at approximately $56,000. Prospera Private Wealth LLC acquired a new position in Chimera Investment during the 3rd quarter worth approximately $65,000. Hillsdale Investment Management Inc. purchased a new position in shares of Chimera Investment during the 4th quarter worth approximately $65,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Chimera Investment in the 4th quarter valued at approximately $111,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

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.