Chimera Investment Corporation (NYSE:CIM) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lowered its holdings in Chimera Investment Corporation (NYSE:CIM) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,086 shares of the real estate investment trust’s stock after selling 922 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Chimera Investment were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CIM. LSV Asset Management increased its stake in shares of Chimera Investment by 306.2% in the first quarter. LSV Asset Management now owns 1,419,535 shares of the real estate investment trust’s stock worth $18,213,000 after acquiring an additional 1,070,034 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Chimera Investment by 671.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust’s stock worth $2,115,000 after acquiring an additional 143,500 shares during the period. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 142,105 shares during the period. Allianz Asset Management GmbH boosted its holdings in Chimera Investment by 9.7% during the first quarter. Allianz Asset Management GmbH now owns 1,259,409 shares of the real estate investment trust’s stock worth $16,158,000 after buying an additional 111,458 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Chimera Investment by 17.8% during the fourth quarter. Two Sigma Investments LP now owns 514,470 shares of the real estate investment trust’s stock worth $7,203,000 after buying an additional 77,835 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

CIM opened at $13.32 on Tuesday. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 10.57 and a beta of 1.79. Chimera Investment Corporation has a 52-week low of $9.85 and a 52-week high of $16.89. The firm’s fifty day simple moving average is $13.83 and its two-hundred day simple moving average is $13.38.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $66.01 million for the quarter, compared to analysts’ expectations of $83.89 million. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. Equities analysts anticipate that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Monday, June 30th. Chimera Investment’s dividend payout ratio (DPR) is presently 117.46%.

Wall Street Analyst Weigh In

CIM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods lowered their price target on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Thursday, July 10th. Finally, UBS Group increased their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.50.

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.