Geode Capital Management LLC Sells 18,461 Shares of Chimera Investment Co. (NYSE:CIM)

Geode Capital Management LLC trimmed its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,840,869 shares of the real estate investment trust’s stock after selling 18,461 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Chimera Investment worth $25,778,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. State Street Corp boosted its stake in Chimera Investment by 0.4% during the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock worth $31,010,000 after acquiring an additional 7,595 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Chimera Investment by 18.9% during the 4th quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after purchasing an additional 122,088 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Chimera Investment by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock valued at $5,118,000 after buying an additional 49,388 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock valued at $4,339,000 after buying an additional 142,105 shares during the period. Finally, Norges Bank bought a new stake in Chimera Investment in the 4th quarter valued at about $3,827,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of CIM opened at $11.37 on Friday. Chimera Investment Co. has a 52 week low of $9.85 and a 52 week high of $16.89. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The stock has a 50 day moving average price of $13.04 and a two-hundred day moving average price of $14.20. The firm has a market capitalization of $919.69 million, a P/E ratio of 10.52 and a beta of 1.47.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Equities analysts forecast that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.02%. The ex-dividend date is Monday, March 31st. Chimera Investment’s payout ratio is 137.04%.

Insider Activity

In related news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This trade represents a 9.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th.

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.