Strs Ohio Sells 2,300 Shares of Chimera Investment Co. (NYSE:CIM)

Strs Ohio lowered its holdings in Chimera Investment Co. (NYSE:CIMGet Rating) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,600 shares of the real estate investment trust’s stock after selling 2,300 shares during the period. Strs Ohio’s holdings in Chimera Investment were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC raised its position in shares of Chimera Investment by 0.9% in the second quarter. LPL Financial LLC now owns 121,754 shares of the real estate investment trust’s stock valued at $1,074,000 after purchasing an additional 1,096 shares during the period. GraniteShares Advisors LLC raised its position in shares of Chimera Investment by 3.0% in the second quarter. GraniteShares Advisors LLC now owns 51,103 shares of the real estate investment trust’s stock valued at $450,000 after purchasing an additional 1,475 shares during the period. Mackenzie Financial Corp raised its position in shares of Chimera Investment by 6.4% in the first quarter. Mackenzie Financial Corp now owns 24,728 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 1,493 shares during the period. Bank of Montreal Can raised its position in shares of Chimera Investment by 14.1% in the second quarter. Bank of Montreal Can now owns 13,044 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 1,611 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Chimera Investment by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 125,732 shares of the real estate investment trust’s stock valued at $1,109,000 after acquiring an additional 1,702 shares in the last quarter. Institutional investors own 47.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CIM. StockNews.com began coverage on shares of Chimera Investment in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada reduced their price objective on shares of Chimera Investment from $11.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 5th. TheStreet cut shares of Chimera Investment from a “c-” rating to a “d+” rating in a research note on Monday, October 10th. Finally, Credit Suisse Group cut their price target on shares of Chimera Investment to $7.50 in a research note on Thursday, October 13th.

Chimera Investment Price Performance

CIM stock opened at $6.73 on Friday. The company has a debt-to-equity ratio of 3.87, a current ratio of 3.24 and a quick ratio of 3.24. Chimera Investment Co. has a one year low of $4.91 and a one year high of $14.63. The stock has a market cap of $1.56 billion, a PE ratio of -2.38 and a beta of 1.37. The firm has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $7.34.

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

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be paid a $0.23 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.67%. Chimera Investment’s dividend payout ratio (DPR) is -32.51%.

About Chimera Investment

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Chimera Investment Corp. operates as a real estate investment trust. engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.

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

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