Public Employees Retirement Association of Colorado trimmed its position in shares of Chimera Investment Co. (NYSE:CIM) by 18.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,307 shares of the real estate investment trust’s stock after selling 11,267 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Chimera Investment were worth $893,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIM. American Century Companies Inc. purchased a new position in Chimera Investment during the 4th quarter worth approximately $9,021,000. Two Sigma Investments LP grew its position in Chimera Investment by 916.1% during the 4th quarter. Two Sigma Investments LP now owns 420,558 shares of the real estate investment trust’s stock worth $7,772,000 after purchasing an additional 379,167 shares in the last quarter. Wells Fargo & Company MN grew its position in Chimera Investment by 19.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,300,895 shares of the real estate investment trust’s stock worth $22,648,000 after purchasing an additional 209,573 shares in the last quarter. EnTrustPermal Partners Offshore LP purchased a new position in Chimera Investment during the 4th quarter worth approximately $2,938,000. Finally, Mackenzie Financial Corp grew its position in Chimera Investment by 342.5% during the 4th quarter. Mackenzie Financial Corp now owns 197,359 shares of the real estate investment trust’s stock worth $3,647,000 after purchasing an additional 152,755 shares in the last quarter. Hedge funds and other institutional investors own 51.41% of the company’s stock.
Several equities analysts have weighed in on CIM shares. ValuEngine cut shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price target on shares of Chimera Investment in a report on Friday, February 16th. Zacks Investment Research upgraded shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Finally, Credit Suisse Group upgraded shares of Chimera Investment from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $18.01 to $19.00 in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.
Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). The business had revenue of $147.90 million during the quarter, compared to the consensus estimate of $148.70 million. Chimera Investment had a return on equity of 12.98% and a net margin of 50.72%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. equities analysts expect that Chimera Investment Co. will post 2.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, June 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date is Thursday, June 28th. Chimera Investment’s dividend payout ratio is presently 85.47%.
About Chimera Investment
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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