Nisa Investment Advisors LLC Sells 2,163 Shares of Chimera Investment Corporation (NYSE:CIM)

Nisa Investment Advisors LLC decreased its position in Chimera Investment Corporation (NYSE:CIM) by 10.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,145 shares of the real estate investment trust’s stock after selling 2,163 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chimera Investment were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chimera Investment during the fourth quarter worth about $3,827,000. LSV Asset Management boosted its holdings in shares of Chimera Investment by 141.2% in the 4th quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust’s stock worth $4,893,000 after purchasing an additional 204,584 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Chimera Investment during the 4th quarter worth approximately $2,004,000. JPMorgan Chase & Co. lifted its stake in shares of Chimera Investment by 84.7% during the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock worth $4,339,000 after acquiring an additional 142,105 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Chimera Investment during the 4th quarter worth approximately $1,231,000. Institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CIM shares. Wall Street Zen raised Chimera Investment from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. UBS Group boosted their price target on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods reduced their price target on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Chimera Investment currently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Chimera Investment Trading Down 0.5%

CIM opened at $13.89 on Friday. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $16.89. The business has a fifty day simple moving average of $13.70 and a 200-day simple moving average of $13.44. The firm has a market cap of $1.12 billion, a P/E ratio of 9.26 and a beta of 1.74. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last posted its quarterly 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. Chimera Investment had a return on equity of 7.25% and a net margin of 25.12%. The company had revenue of $69.22 million for the quarter, compared to analysts’ expectations of $72.07 million. On average, equities analysts expect that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date is Monday, June 30th. Chimera Investment’s dividend payout ratio is currently 98.67%.

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.