Virginia Retirement Systems ET AL reduced its stake in Chimera Investment Co. (NYSE:CIM – Get Rating ) by 11.4% during the first quarter, Holdings Channel reports. The institutional investor owned 113,200 shares of the real estate investment trust’s stock after selling 14,600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Chimera Investment were worth $1,363,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in shares of Chimera Investment by 1,200.5% in the first quarter. Sound Income Strategies LLC now owns 2,601 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 2,401 shares during the last quarter. CWM LLC purchased a new position in shares of Chimera Investment in the 4th quarter valued at $58,000. Ahrens Investment Partners LLC purchased a new position in shares of Chimera Investment in the 4th quarter valued at $64,000. Wedbush Securities Inc. bought a new position in shares of Chimera Investment during the 4th quarter valued at $168,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Chimera Investment by 16.3% during the 4th quarter. Lazard Asset Management LLC now owns 12,718 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 1,781 shares in the last quarter. Institutional investors and hedge funds own 53.05% of the company’s shares.
NYSE:CIM opened at $9.02 on Thursday. Chimera Investment Co. has a 1-year low of $7.72 and a 1-year high of $16.85. The firm’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $11.76. The company has a current ratio of 6.05, a quick ratio of 6.05, and a debt-to-equity ratio of 3.45. The firm has a market cap of $2.14 billion, a PE ratio of 12.70 and a beta of 0.99.
Chimera Investment (NYSE:CIM – Get Rating ) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $137.70 million for the quarter, compared to analyst estimates of $141.03 million. Chimera Investment had a net margin of 27.85% and a return on equity of 14.02%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business reported $0.36 EPS. As a group, analysts expect that Chimera Investment Co. will post 1.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Shareholders of record on Thursday, June 30th will be given a $0.33 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.32 annual dividend and a yield of 14.63%. Chimera Investment’s dividend payout ratio is 185.92%.
A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Chimera Investment from $14.00 to $11.00 in a report on Wednesday, April 27th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Friday, March 25th.
About Chimera Investment (Get Rating)
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 and non-agency mortgage-backed securities, agency mortgage-backed securities, pools of residential, commercial mortgage loans and other real estate related securities.
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