Norges Bank acquired a new stake in Chimera Investment Co. (NYSE:CIM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 273,360 shares of the real estate investment trust's stock, valued at approximately $3,827,000. Norges Bank owned approximately 0.34% of Chimera Investment at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Barclays PLC grew its stake in Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock worth $2,901,000 after buying an additional 137,655 shares in the last quarter. Prudential Financial Inc. raised its position in Chimera Investment by 79.0% during the 4th quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust's stock worth $793,000 after purchasing an additional 25,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $2,337,000 after acquiring an additional 59,380 shares during the period. Manning & Napier Advisors LLC lifted its position in shares of Chimera Investment by 66.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust's stock worth $1,400,000 after purchasing an additional 40,000 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Chimera Investment in the 4th quarter valued at $468,000. 48.44% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Chimera Investment
In related news, Director Gerard Creagh bought 12,500 shares of Chimera Investment stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the transaction, the director now directly owns 138,127 shares of the company's stock, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on CIM. Royal Bank of Canada upgraded Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of Chimera Investment from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.
View Our Latest Stock Report on Chimera Investment
Chimera Investment Stock Down 0.6 %
Chimera Investment stock traded down $0.07 during trading on Wednesday, hitting $11.08. 35,117 shares of the company were exchanged, compared to its average volume of 594,303. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $896.55 million, a P/E ratio of 10.23 and a beta of 1.47. The business's 50 day moving average is $13.20 and its 200 day moving average is $14.25.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings data 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 20.28% and a return on equity of 7.00%. Analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current year.
Chimera Investment Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date is Monday, March 31st. Chimera Investment's dividend payout ratio (DPR) is currently 137.04%.
Chimera Investment 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.
See Also
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.
