Vanguard Group Inc. decreased its holdings in Chimera Investment Co. (NYSE:CIM - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,823,157 shares of the real estate investment trust's stock after selling 126,721 shares during the period. Vanguard Group Inc. owned 9.67% of Chimera Investment worth $109,524,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new position in Chimera Investment in the 4th quarter valued at approximately $65,000. Investment Partners Asset Management Inc. bought a new position in shares of Chimera Investment in the fourth quarter worth $183,000. Virtu Financial LLC purchased a new position in shares of Chimera Investment in the third quarter valued at $186,000. BostonPremier Wealth LLC bought a new stake in shares of Chimera Investment during the 4th quarter valued at $204,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Chimera Investment in the 4th quarter valued at about $249,000. Institutional investors own 48.44% of the company's stock.
Chimera Investment Price Performance
Shares of CIM stock traded down $0.18 during trading hours on Friday, hitting $10.70. 764,867 shares of the company's stock were exchanged, compared to its average volume of 595,999. The company has a market capitalization of $865.47 million, a PE ratio of 9.90 and a beta of 1.47. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. Chimera Investment Co. has a 12-month low of $9.85 and a 12-month high of $16.89. The business's 50 day simple moving average is $13.36 and its 200-day simple moving average is $14.31.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 13.84%. Chimera Investment's payout ratio is 137.04%.
Insiders Place Their Bets
In other news, Director Gerard Creagh purchased 12,500 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised shares of Chimera Investment to a "moderate buy" rating in a report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Finally, StockNews.com lowered Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.
Get Our Latest Analysis on CIM
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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