Arizona State Retirement System Lowers Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Arizona State Retirement System cut its holdings in Chimera Investment Co. (NYSE:CIM) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,387 shares of the real estate investment trust’s stock after selling 2,698 shares during the quarter. Arizona State Retirement System’s holdings in Chimera Investment were worth $316,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UBS Group AG increased its holdings in Chimera Investment by 53.3% in the 3rd quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock worth $3,942,000 after acquiring an additional 251,085 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Chimera Investment by 148.4% during the 4th quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 30,757 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Chimera Investment by 163.5% in the 4th quarter. Capital Investment Advisors LLC now owns 124,156 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 77,040 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Chimera Investment by 14.9% in the 4th quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 16,540 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in Chimera Investment by 1.2% during the 3rd quarter. Natixis Advisors L.P. now owns 226,787 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 2,708 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

Shares of Chimera Investment stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.77. The stock has a market capitalization of $991.99 million, a P/E ratio of 17.87 and a beta of 1.68. Chimera Investment Co. has a 12 month low of $3.92 and a 12 month high of $6.49.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a yield of 10.71%. Chimera Investment’s payout ratio is currently 191.30%.

Chimera Investment Company 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.