Prudential Financial Inc. Raises Stock Position in Chimera Investment Co. (NYSE:CIM)

Prudential Financial Inc. boosted its position in shares of Chimera Investment Co. (NYSE:CIM) by 79.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,659 shares of the real estate investment trust’s stock after buying an additional 25,000 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Chimera Investment worth $793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CIM. Simplify Asset Management Inc. lifted its stake in Chimera Investment by 157.0% in the 4th quarter. Simplify Asset Management Inc. now owns 25,700 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 15,700 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Chimera Investment in the fourth quarter valued at approximately $604,000. KLP Kapitalforvaltning AS acquired a new position in shares of Chimera Investment in the fourth quarter valued at approximately $249,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Chimera Investment in the fourth quarter valued at $65,000. Finally, Virtu Financial LLC grew its stake in Chimera Investment by 60.4% during the 4th quarter. Virtu Financial LLC now owns 18,845 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 7,094 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Trading Down 7.1 %

NYSE CIM opened at $10.91 on Tuesday. The firm has a market capitalization of $882.79 million, a price-to-earnings ratio of 10.10 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a one year low of $10.78 and a one year high of $16.89. The company’s 50 day moving average price is $13.82 and its 200 day moving average price is $14.53.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, sell-side analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 13.57%. The ex-dividend date is Monday, March 31st. Chimera Investment’s dividend payout ratio is currently 137.04%.

Analyst Ratings Changes

CIM has been the subject of several recent analyst reports. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Insider Transactions at Chimera Investment

In other news, Director Gerard Creagh acquired 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now directly owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company’s stock.

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.