Chimera Investment Corporation $CIM Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Chimera Investment Corporation (NYSE:CIM) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,504 shares of the real estate investment trust’s stock after selling 4,641 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chimera Investment were worth $194,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CIM. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 valued at $225,000 after buying an additional 2,730 shares in the last quarter. Graham Capital Management L.P. boosted its holdings in shares of Chimera Investment by 29.1% in the 1st quarter. Graham Capital Management L.P. now owns 97,838 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 22,048 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Chimera Investment by 8.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 844,590 shares of the real estate investment trust’s stock valued at $10,836,000 after buying an additional 67,362 shares in the last quarter. Nuveen LLC acquired a new position in shares of Chimera Investment in the 1st quarter valued at $2,703,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Chimera Investment by 5,110.0% in the 1st quarter. Russell Investments Group Ltd. now owns 104,357 shares of the real estate investment trust’s stock valued at $1,339,000 after buying an additional 102,354 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Performance

Shares of CIM opened at $12.68 on Tuesday. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 4.47. The firm has a market cap of $1.03 billion, a PE ratio of 10.06 and a beta of 1.85. The company’s 50 day simple moving average is $13.53 and its 200-day simple moving average is $13.46. Chimera Investment Corporation has a 12-month low of $9.85 and a 12-month high of $15.48.

Chimera Investment (NYSE:CIM) last announced its earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The business had revenue of ($60.05) million for the quarter. As a group, equities analysts predict that Chimera Investment Corporation 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 Friday, October 31st. Investors of record on Tuesday, September 30th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date was Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is 117.46%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CIM shares. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. UBS Group upped their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lowered their target price on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chimera Investment in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.