ExodusPoint Capital Management LP Buys New Position in Chimera Investment Co. (NYSE:CIM)

ExodusPoint Capital Management LP acquired a new position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,898 shares of the real estate investment trust's stock, valued at approximately $1,231,000. ExodusPoint Capital Management LP owned about 0.11% of Chimera Investment at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in 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 valued at $31,010,000 after buying an additional 7,595 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust's stock worth $29,439,000 after acquiring an additional 32,835 shares during the period. Van ECK Associates Corp boosted its position in Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust's stock worth $10,746,000 after purchasing an additional 122,088 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Chimera Investment by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust's stock valued at $5,118,000 after purchasing an additional 49,388 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Chimera Investment by 84.7% during the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust's stock valued at $4,339,000 after purchasing an additional 142,105 shares during the last quarter. Institutional investors own 48.44% of the company's stock.

Chimera Investment Stock Performance

CIM traded up $0.14 during trading hours on Tuesday, hitting $11.16. The stock had a trading volume of 141,416 shares, compared to its average volume of 595,256. The stock has a market cap of $903.10 million, a PE ratio of 10.32 and a beta of 1.47. Chimera Investment Co. has a 1 year low of $9.85 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 company's fifty day simple moving average is $13.28 and its 200 day simple moving average is $14.28.

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

Chimera Investment Dividend Announcement

The business also recently announced 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 of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.26%. Chimera Investment's dividend payout ratio is currently 137.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CIM shares. JMP Securities restated a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th.

Insider Transactions at Chimera Investment

In other news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the acquisition, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This represents a 9.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company's stock.

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.