Raymond James Financial Services Advisors Inc. Cuts Stake in Chimera Investment Co. (NYSE:CIM)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of Chimera Investment Co. (NYSE:CIM) by 64.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,158 shares of the real estate investment trust’s stock after selling 24,304 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Chimera Investment were worth $66,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV purchased a new stake in Chimera Investment during the 4th quarter worth $25,000. Manchester Capital Management LLC purchased a new stake in shares of Chimera Investment during the third quarter worth about $38,000. Ballentine Partners LLC purchased a new stake in shares of Chimera Investment during the third quarter worth about $55,000. PFG Investments LLC acquired a new position in shares of Chimera Investment in the third quarter worth about $56,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Chimera Investment by 61.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,812 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 4,096 shares during the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Price Performance

CIM stock opened at $4.19 on Friday. The stock’s 50 day moving average is $4.36 and its two-hundred day moving average is $4.75. Chimera Investment Co. has a 52-week low of $3.92 and a 52-week high of $6.49. The company has a market capitalization of $1.01 billion, a PE ratio of 18.22 and a beta of 1.68. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 8th will be paid a $0.11 dividend. The ex-dividend date is Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 10.50%. Chimera Investment’s dividend payout ratio (DPR) is presently 191.30%.

About Chimera Investment

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.