BlackRock Inc. cut its position in Chimera Investment Co. (NYSE:CIM) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,742,928 shares of the real estate investment trust’s stock after selling 29,837 shares during the period. BlackRock Inc. owned 6.25% of Chimera Investment worth $217,011,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CIM. American Century Companies Inc. purchased a new stake in shares of Chimera Investment in the 4th quarter valued at approximately $9,021,000. Atlantic Trust Group LLC acquired a new position in shares of Chimera Investment in the 3rd quarter valued at $2,434,000. Bank of New York Mellon Corp boosted its holdings in shares of Chimera Investment by 16.1% in the 4th quarter. Bank of New York Mellon Corp now owns 865,790 shares of the real estate investment trust’s stock valued at $16,000,000 after buying an additional 120,261 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Chimera Investment by 11.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,193,841 shares of the real estate investment trust’s stock valued at $22,588,000 after buying an additional 119,650 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its holdings in shares of Chimera Investment by 36.3% in the 4th quarter. Capital Fund Management S.A. now owns 431,312 shares of the real estate investment trust’s stock valued at $7,971,000 after buying an additional 114,779 shares in the last quarter. 50.18% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on CIM shares. Zacks Investment Research cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 target price on shares of Chimera Investment in a report on Friday, February 16th. Credit Suisse Group upgraded shares of Chimera Investment from a “neutral” rating to an “outperform” rating and upped their target price for the company from $18.01 to $19.00 in a report on Thursday, January 25th. Deutsche Bank upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, ValuEngine cut shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.75.
NYSE:CIM traded down $0.02 during trading hours on Friday, reaching $17.44. 752,396 shares of the company’s stock were exchanged, compared to its average volume of 1,161,631. The stock has a market cap of $3,279.15, a P/E ratio of 7.45 and a beta of 0.51. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.02 and a quick ratio of 0.02. Chimera Investment Co. has a 1-year low of $15.77 and a 1-year high of $20.90.
Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $157.75 million during the quarter, compared to analysts’ expectations of $148.90 million. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. During the same quarter in the prior year, the business earned $0.65 EPS. sell-side analysts expect that Chimera Investment Co. will post 2.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend is Thursday, March 29th. Chimera Investment’s dividend payout ratio is currently 85.47%.
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Chimera Investment Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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