D.A. Davidson & CO. Trims Stock Holdings in Chimera Investment Corporation $CIM

D.A. Davidson & CO. trimmed its holdings in Chimera Investment Corporation (NYSE:CIM) by 79.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,473 shares of the real estate investment trust’s stock after selling 53,098 shares during the period. D.A. Davidson & CO.’s holdings in Chimera Investment were worth $167,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its holdings in Chimera Investment by 3.2% during the 3rd quarter. Wedbush Securities Inc. now owns 29,430 shares of the real estate investment trust’s stock worth $389,000 after purchasing an additional 917 shares during the period. VSM Wealth Advisory LLC increased its holdings in Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 936 shares during the period. Cetera Investment Advisers increased its holdings in Chimera Investment by 6.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,143 shares during the period. Intech Investment Management LLC increased its holdings in Chimera Investment by 4.5% during the 3rd quarter. Intech Investment Management LLC now owns 33,098 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 1,421 shares during the period. Finally, Sei Investments Co. increased its holdings in Chimera Investment by 11.0% during the 2nd quarter. Sei Investments Co. now owns 21,182 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 2,107 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Down 0.6%

Shares of NYSE CIM opened at $13.56 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $1.13 billion, a PE ratio of 7.75 and a beta of 1.71. The stock’s fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $12.95. Chimera Investment Corporation has a 12-month low of $11.67 and a 12-month high of $14.88.

Chimera Investment (NYSE:CIM) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $32.37 million for the quarter, compared to analysts’ expectations of $102.35 million. Chimera Investment had a return on equity of 8.73% and a net margin of 28.06%.

Chimera Investment Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.45 per share. This is a boost from Chimera Investment’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.80 annualized dividend and a yield of 13.3%. Chimera Investment’s payout ratio is 102.86%.

Analyst Ratings Changes

CIM has been the topic of several research reports. Weiss Ratings upgraded Chimera Investment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Wall Street Zen downgraded Chimera Investment from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

About Chimera Investment

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.