Zurcher Kantonalbank Zurich Cantonalbank Sells 4,249 Shares of Chimera Investment Co. (NYSE:CIM)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Chimera Investment Co. (NYSE:CIM) by 9.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,130 shares of the real estate investment trust’s stock after selling 4,249 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chimera Investment were worth $200,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Chimera Investment by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,400,128 shares of the real estate investment trust’s stock valued at $13,105,000 after buying an additional 103,416 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Chimera Investment by 6.5% during the third quarter. Advisors Asset Management Inc. now owns 1,805,721 shares of the real estate investment trust’s stock valued at $9,859,000 after purchasing an additional 110,303 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Chimera Investment by 4.1% in the third quarter. Van ECK Associates Corp now owns 1,371,464 shares of the real estate investment trust’s stock worth $7,488,000 after purchasing an additional 53,950 shares during the period. UBS Group AG increased its stake in shares of Chimera Investment by 53.3% in the third quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock worth $3,942,000 after purchasing an additional 251,085 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Chimera Investment by 1.1% during the 3rd quarter. Swiss National Bank now owns 510,180 shares of the real estate investment trust’s stock valued at $2,786,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Down 1.6 %

CIM opened at $4.28 on Wednesday. Chimera Investment Co. has a fifty-two week low of $3.92 and a fifty-two week high of $6.49. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 18.61 and a beta of 1.68. The firm’s fifty day moving average is $4.33 and its 200 day moving average is $4.69.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 8th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend was Friday, April 5th. Chimera Investment’s dividend payout ratio is currently 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.