Goldman Sachs Group Inc. Sells 98,344 Shares of Chimera Investment Corporation $CIM

Goldman Sachs Group Inc. trimmed its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 27.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,378 shares of the real estate investment trust’s stock after selling 98,344 shares during the quarter. Goldman Sachs Group Inc. owned 0.31% of Chimera Investment worth $3,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Partners Asset Management Inc. increased its stake in Chimera Investment by 10.2% in the 1st quarter. Investment Partners Asset Management Inc. now owns 14,437 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 1,338 shares during the last quarter. AXS Investments LLC increased its stake in Chimera Investment by 1.8% in the 1st quarter. AXS Investments LLC now owns 109,345 shares of the real estate investment trust’s stock worth $1,403,000 after acquiring an additional 1,911 shares during the last quarter. Cetera Investment Advisers increased its stake in Chimera Investment by 11.4% in the 1st quarter. Cetera Investment Advisers now owns 18,783 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,927 shares during the last quarter. Empowered Funds LLC increased its stake in Chimera Investment by 12.9% in the 1st quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Chimera Investment by 18.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,529 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 2,730 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors.

Chimera Investment Trading Up 0.4%

CIM opened at $14.05 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 11.15 and a beta of 1.85. 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 business has a 50 day moving average of $13.93 and a 200-day moving average of $13.33. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $16.89.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $66.01 million during 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 research analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.5%. Chimera Investment’s dividend payout ratio (DPR) is presently 117.46%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, July 10th. Wall Street Zen cut Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, UBS Group increased their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Chimera Investment currently has a consensus rating of “Hold” and a consensus price target of $15.50.

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.