QS Investors LLC increased its position in shares of Chimera Investment Co. (NYSE:CIM) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,947 shares of the real estate investment trust’s stock after purchasing an additional 16,675 shares during the period. QS Investors LLC owned 0.07% of Chimera Investment worth $2,309,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Chimera Investment by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 341 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chimera Investment by 77.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 3,286 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Chimera Investment in the third quarter valued at $145,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Chimera Investment in the fourth quarter valued at $170,000. Finally, Kovack Advisors Inc. bought a new position in shares of Chimera Investment in the fourth quarter valued at $191,000. 50.03% of the stock is currently owned by institutional investors.
In other news, CIO Mohit Marria acquired 3,000 shares of the stock in a transaction on Friday, December 29th. The shares were purchased at an average cost of $25.82 per share, for a total transaction of $77,460.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.
Chimera Investment Co. (NYSE CIM) opened at $17.67 on Tuesday. Chimera Investment Co. has a 52-week low of $15.77 and a 52-week high of $20.90. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market cap of $3,341.13, a P/E ratio of 7.57 and a beta of 0.60.
Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. The firm had revenue of $157.75 million for the quarter, compared to analysts’ expectations of $148.90 million. During the same period in the previous year, the company posted $0.65 EPS. equities analysts anticipate that Chimera Investment Co. will post 2.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend is Thursday, March 29th. Chimera Investment’s payout ratio is 76.63%.
Several research analysts have issued reports on the company. Zacks Investment Research cut Chimera Investment from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of Chimera Investment in a report on Friday, February 16th. ValuEngine cut Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank raised Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Credit Suisse Group raised Chimera Investment from a “neutral” rating to an “outperform” rating and upped their price target for the company from $18.01 to $19.00 in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Chimera Investment presently has an average rating of “Hold” and an average target price of $18.75.
Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.com's FREE daily email newsletter.