Cambridge Investment Research Advisors Inc. Decreases Holdings in Chimera Investment Co. (NYSE:CIM)

Cambridge Investment Research Advisors Inc. decreased its position in shares of Chimera Investment Co. (NYSE:CIMGet Rating) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,929 shares of the real estate investment trust’s stock after selling 7,423 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Chimera Investment were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CIM. Centiva Capital LP purchased a new stake in Chimera Investment in the 2nd quarter valued at approximately $72,596,000. Goldman Sachs Group Inc. lifted its stake in Chimera Investment by 113.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,668,559 shares of the real estate investment trust’s stock valued at $20,090,000 after buying an additional 885,442 shares in the last quarter. Deer Park Road Corp purchased a new stake in Chimera Investment in the 2nd quarter valued at approximately $6,483,000. Renaissance Technologies LLC lifted its stake in Chimera Investment by 134.8% in the 1st quarter. Renaissance Technologies LLC now owns 810,322 shares of the real estate investment trust’s stock valued at $9,756,000 after buying an additional 465,162 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Chimera Investment by 102.0% in the 1st quarter. Allianz Asset Management GmbH now owns 870,261 shares of the real estate investment trust’s stock valued at $10,478,000 after buying an additional 439,340 shares in the last quarter. Hedge funds and other institutional investors own 47.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TheStreet lowered Chimera Investment from a “c-” rating to a “d+” rating in a research note on Monday, October 10th. Credit Suisse Group reduced their price target on Chimera Investment to $7.50 in a research note on Thursday, October 13th. StockNews.com began coverage on Chimera Investment in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reduced their price target on Chimera Investment from $11.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th.

Chimera Investment Trading Up 2.2 %

CIM stock opened at $6.43 on Thursday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -2.27 and a beta of 1.37. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 3.87. The business has a fifty day simple moving average of $6.36 and a 200-day simple moving average of $7.42. Chimera Investment Co. has a 52 week low of $4.91 and a 52 week high of $15.13.

Chimera Investment (NYSE:CIMGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chimera Investment had a positive return on equity of 13.06% and a negative net margin of 73.42%. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities research analysts expect that Chimera Investment Co. will post 1.22 EPS for the current year.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.31%. Chimera Investment’s payout ratio is -32.51%.

About Chimera Investment

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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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

See Also

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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