Caxton Associates LLP Sells 52,762 Shares of Chimera Investment Corporation $CIM

Caxton Associates LLP lessened its position in Chimera Investment Corporation (NYSE:CIM) by 43.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,068 shares of the real estate investment trust’s stock after selling 52,762 shares during the quarter. Caxton Associates LLP owned approximately 0.08% of Chimera Investment worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Chimera Investment by 864.7% in the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,862 shares during the period. IFP Advisors Inc boosted its holdings in shares of Chimera Investment by 1,211.4% during the 4th quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Chimera Investment by 92.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Chimera Investment in the 4th quarter worth about $105,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,857 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CIM has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of Chimera Investment in a research report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.75.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $12.48 on Monday. Chimera Investment Corporation has a 1-year low of $11.67 and a 1-year high of $14.88. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.08 and a quick ratio of 0.08. The business has a fifty day moving average price of $13.20 and a 200-day moving average price of $13.19. The company has a market capitalization of $1.04 billion, a PE ratio of -15.61 and a beta of 1.67.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.The firm had revenue of $32.37 million during the quarter, compared to analyst estimates of $102.35 million.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 14.4%. The ex-dividend date is Tuesday, June 30th. Chimera Investment’s dividend payout ratio is currently -225.00%.

Chimera Investment Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.