D. E. Shaw & Co. Inc. Sells 144,787 Shares of Chimera Investment Co. (NYSE:CIM)

D. E. Shaw & Co. Inc. cut its holdings in Chimera Investment Co. (NYSE:CIM) by 67.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,902 shares of the real estate investment trust’s stock after selling 144,787 shares during the period. D. E. Shaw & Co. Inc. owned 0.09% of Chimera Investment worth $993,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock worth $2,901,000 after buying an additional 137,655 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Chimera Investment by 79.0% in the fourth quarter. Prudential Financial Inc. now owns 56,659 shares of the real estate investment trust’s stock valued at $793,000 after purchasing an additional 25,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Chimera Investment by 84.7% in the fourth quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock worth $4,339,000 after purchasing an additional 142,105 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of Chimera Investment by 66.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Chimera Investment in the 4th quarter valued at approximately $468,000. 48.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CIM has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th. Finally, UBS Group raised shares of Chimera Investment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.50 to $15.00 in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Chimera Investment has an average rating of “Moderate Buy” and an average price target of $15.50.

Insider Buying and Selling

In other Chimera Investment news, Director Gerard Creagh bought 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the completion of the purchase, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. This trade represents a 9.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by insiders.

Chimera Investment Stock Down 0.7%

Shares of CIM opened at $12.98 on Friday. Chimera Investment Co. has a 12 month low of $9.85 and a 12 month high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $1.05 billion, a PE ratio of 12.01 and a beta of 1.76. The stock’s 50-day moving average price is $12.35 and its two-hundred day moving average price is $13.69.

Chimera Investment (NYSE:CIM) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $69.22 million during the quarter, compared to the consensus estimate of $72.07 million. Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. On average, analysts anticipate 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 was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.41%. The ex-dividend date of this dividend was Monday, March 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 98.67%.

Chimera Investment 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.