Teacher Retirement System of Texas bought a new stake in shares of Chimera Investment Co. (NYSE:CIM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 143,158 shares of the real estate investment trust's stock, valued at approximately $2,004,000. Teacher Retirement System of Texas owned about 0.18% of Chimera Investment as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CIM. State Street Corp lifted its position in shares of Chimera Investment by 0.4% during the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock worth $31,010,000 after buying an additional 7,595 shares in 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, Wolverine Asset Management LLC increased its position in shares of Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust's stock valued at $2,673,000 after purchasing an additional 42,741 shares during the last quarter. Institutional investors own 48.44% of the company's stock.
Insider Transactions at Chimera Investment
In related news, Director Gerard Creagh acquired 12,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of Chimera Investment in a report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of Chimera Investment to a "moderate buy" rating in a research note on Friday, March 14th. Finally, StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.
View Our Latest Analysis on Chimera Investment
Chimera Investment Stock Performance
CIM traded down $0.24 during trading hours on Monday, hitting $12.87. The stock had a trading volume of 632,018 shares, compared to its average volume of 576,918. Chimera Investment Co. has a 1 year low of $11.29 and a 1 year high of $16.89. The company's fifty day simple moving average is $14.04 and its 200 day simple moving average is $14.67. The stock has a market cap of $1.04 billion, a PE ratio of 11.91 and a beta of 1.76. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82.
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 Announces Dividend
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 11.50%. Chimera Investment's dividend payout ratio is currently 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.
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