VIRGINIA RETIREMENT SYSTEMS ET Al Has $973,000 Stock Holdings in Chimera Investment Corporation $CIM

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 52.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,303 shares of the real estate investment trust’s stock after selling 87,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Chimera Investment worth $973,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Chimera Investment during the fourth quarter valued at about $7,431,000. UBS Group AG grew its position in shares of Chimera Investment by 130.7% in the fourth quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust’s stock valued at $9,493,000 after purchasing an additional 432,727 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Chimera Investment in the fourth quarter worth about $4,977,000. Allianz Asset Management GmbH increased its stake in shares of Chimera Investment by 21.7% in the third quarter. Allianz Asset Management GmbH now owns 1,671,318 shares of the real estate investment trust’s stock worth $22,095,000 after purchasing an additional 297,709 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of Chimera Investment by 88.7% during the 3rd quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust’s stock worth $7,594,000 after purchasing an additional 270,034 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Performance

NYSE CIM opened at $13.08 on Friday. The company’s fifty day moving average is $13.25 and its two-hundred day moving average is $12.97. Chimera Investment Corporation has a 52-week low of $11.67 and a 52-week 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 0.06. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -16.34 and a beta of 1.71.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data 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 net margin of 2.27% and a return on equity of 9.36%. The company had revenue of $32.37 million for the quarter, compared to the consensus estimate of $102.35 million.

Analyst Upgrades and Downgrades

CIM has been the subject of several recent analyst reports. Weiss Ratings upgraded Chimera Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.50.

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.