Chimera Investment Co. (NYSE:CIM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Chimera Investment Co. (NYSE:CIM - Free Report) by 64.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,976 shares of the real estate investment trust's stock after selling 252,626 shares during the quarter. Rhumbline Advisers owned about 0.17% of Chimera Investment worth $1,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new stake in shares of Chimera Investment in the fourth quarter valued at about $27,000. Principal Securities Inc. acquired a new stake in Chimera Investment in the 4th quarter valued at about $28,000. Symphony Financial Ltd. Co. purchased a new position in Chimera Investment in the 1st quarter worth approximately $63,000. Cetera Advisors LLC acquired a new position in shares of Chimera Investment during the 1st quarter worth approximately $63,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Chimera Investment in the first quarter valued at approximately $72,000. Hedge funds and other institutional investors own 48.44% of the company's stock.

Analyst Upgrades and Downgrades

CIM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Chimera Investment from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, August 8th. StockNews.com lowered Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, August 15th.

Chimera Investment Stock Up 1.7 %

Shares of NYSE CIM opened at $16.65 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 10.88 and a beta of 1.73. The company has a debt-to-equity ratio of 3.75, a current ratio of 4.43 and a quick ratio of 4.43. The company has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $13.86. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $18.00.

Chimera Investment (NYSE:CIM - Get Free Report) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.03. The company had revenue of $186.72 million for the quarter, compared to the consensus estimate of $66.50 million. Chimera Investment had a return on equity of 7.66% and a net margin of 28.79%. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 8.89%. The ex-dividend date is Monday, September 30th. This is a positive change from Chimera Investment's previous quarterly dividend of $0.35. Chimera Investment's dividend payout ratio (DPR) is 91.50%.

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.