Chimera Investment Corporation $CIM Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in Chimera Investment Corporation (NYSE:CIM) by 67.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 83,536 shares of the real estate investment trust’s stock after selling 171,848 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Chimera Investment worth $1,159,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. LSV Asset Management lifted its stake in 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 last quarter. Wolverine Asset Management LLC raised its holdings in shares of Chimera Investment by 206.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 761,822 shares of the real estate investment trust’s stock valued at $10,566,000 after purchasing an additional 512,909 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chimera Investment during the 1st quarter worth $2,703,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Chimera Investment during the second quarter worth $2,301,000. Finally, Allianz Asset Management GmbH increased its holdings in Chimera Investment by 9.1% in the second quarter. Allianz Asset Management GmbH now owns 1,373,609 shares of the real estate investment trust’s stock valued at $19,052,000 after buying an additional 114,200 shares during the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Chimera Investment Stock Performance

Shares of Chimera Investment stock opened at $12.79 on Monday. The firm’s fifty day simple moving average is $12.78 and its 200-day simple moving average is $13.47. Chimera Investment Corporation has a 12 month low of $9.85 and a 12 month high of $15.37. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.15 and a beta of 1.87. The company has a debt-to-equity ratio of 4.47, a current ratio of 4.14 and a quick ratio of 4.14.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share for the quarter. The firm had revenue of ($60.05) million during the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. As a group, equities analysts forecast that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 11.6%. The ex-dividend date was Tuesday, September 30th. Chimera Investment’s payout ratio is -370.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CIM shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chimera Investment in a report on Tuesday, November 25th. Wall Street Zen upgraded Chimera Investment from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group lowered their price target on Chimera Investment from $16.00 to $15.50 and set a “buy” rating for the company in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.25.

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.