Chimera Investment Co. (CIM) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 581,069 shares of the real estate investment trust’s stock after selling 34,760 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Chimera Investment were worth $10,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Chimera Investment by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 341 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chimera Investment by 77.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 3,286 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Chimera Investment by 8.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,671 shares of the real estate investment trust’s stock worth $1,015,000 after buying an additional 4,252 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Chimera Investment by 44.1% during the third quarter. Synovus Financial Corp now owns 14,626 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 4,479 shares during the last quarter. Finally, Koch Industries Inc. lifted its holdings in shares of Chimera Investment by 14.0% during the fourth quarter. Koch Industries Inc. now owns 37,866 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 4,640 shares during the last quarter. Institutional investors own 50.18% of the company’s stock.

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Shares of NYSE CIM opened at $17.44 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market capitalization of $3,279.15, a P/E ratio of 7.43 and a beta of 0.51. Chimera Investment Co. has a one year low of $15.77 and a one year high of $20.90.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $157.75 million during the quarter, compared to analyst estimates of $148.90 million. Chimera Investment had a return on equity of 12.92% and a net margin of 46.07%. During the same period in the prior year, the company posted $0.65 earnings per share. equities analysts anticipate that Chimera Investment Co. will post 2.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.47%. Chimera Investment’s payout ratio is 85.47%.

CIM has been the subject of a number of research analyst reports. Zacks Investment Research lowered 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 research note on Friday, February 16th. Credit Suisse Group upgraded 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 research note on Thursday, January 25th. Deutsche Bank upgraded Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, ValuEngine lowered Chimera Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.75.

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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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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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