JPMorgan Chase & Co. boosted its position in shares of Chimera Investment Co. (NYSE:CIM - Free Report) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,935 shares of the real estate investment trust's stock after purchasing an additional 142,105 shares during the period. JPMorgan Chase & Co. owned approximately 0.38% of Chimera Investment worth $4,339,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CIM. Hillsdale Investment Management Inc. acquired a new position in shares of Chimera Investment in the fourth quarter worth about $65,000. Investment Partners Asset Management Inc. purchased a new position in shares of Chimera Investment during the 4th quarter valued at approximately $183,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment during the third quarter worth approximately $186,000. BostonPremier Wealth LLC acquired a new stake in Chimera Investment in the fourth quarter valued at $204,000. Finally, KLP Kapitalforvaltning AS bought a new position in Chimera Investment during the 4th quarter valued at $249,000. Institutional investors and hedge funds own 48.44% of the company's stock.
Analysts Set New Price Targets
CIM has been the subject of several research reports. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, JMP Securities restated a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd.
Check Out Our Latest Report on Chimera Investment
Insiders Place Their Bets
In related news, Director Gerard Creagh purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now directly owns 138,127 shares of the company's stock, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.
Chimera Investment Stock Performance
CIM stock traded up $0.51 on Tuesday, reaching $11.68. The company's stock had a trading volume of 625,950 shares, compared to its average volume of 598,219. The firm has a fifty day moving average of $12.91 and a two-hundred day moving average of $14.13. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.06 and a quick ratio of 3.03. The company has a market capitalization of $944.94 million, a P/E ratio of 10.81 and a beta of 1.47. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.
Chimera Investment Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.67%. The ex-dividend date is Monday, March 31st. Chimera Investment's dividend payout ratio is presently 137.04%.
About Chimera Investment
(
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.
Further Reading
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
