Chimera Investment Corporation $CIM Stock: Leeward Investments LLC MA Lowers Position

Leeward Investments LLC MA lessened its holdings in Chimera Investment Corporation (NYSE:CIM) by 13.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 935,856 shares of the real estate investment trust’s stock after selling 139,997 shares during the quarter. Leeward Investments LLC MA’s holdings in Chimera Investment were worth $8,919,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Chimera Investment by 9.5% during the second quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock valued at $104,787,000 after buying an additional 681,996 shares during the period. Thornburg Investment Management Inc. grew its position in Chimera Investment by 0.7% during the second quarter. Thornburg Investment Management Inc. now owns 5,511,923 shares of the real estate investment trust’s stock worth $73,529,000 after buying an additional 35,621 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Chimera Investment by 6.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,274,507 shares of the real estate investment trust’s stock worth $30,342,000 after acquiring an additional 147,119 shares during the last quarter. State Street Corp increased its stake in Chimera Investment by 7.8% in the 2nd quarter. State Street Corp now owns 2,029,275 shares of the real estate investment trust’s stock worth $27,957,000 after acquiring an additional 147,629 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Chimera Investment by 82.0% in the 1st quarter. First Trust Advisors LP now owns 543,101 shares of the real estate investment trust’s stock worth $6,816,000 after acquiring an additional 244,763 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings lowered Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 18th. Finally, Keefe, Bruyette & Woods cut their price objective on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $8.43 on Monday. The company’s fifty day moving average price is $10.36 and its 200-day moving average price is $12.14. The firm has a market capitalization of $705.93 million, a price-to-earnings ratio of -8.27 and a beta of 1.72. Chimera Investment Corporation has a one year low of $8.11 and a one year high of $14.18. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.07 and a quick ratio of 0.07.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.08). The company had revenue of $94.77 million for the quarter, compared to analysts’ expectations of $95.30 million. Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%.

Chimera Investment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a $0.45 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.80 annualized dividend and a yield of 21.3%. Chimera Investment’s payout ratio is -176.47%.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE:CIM) is a real estate investment trust that invests primarily in residential mortgage assets and other real estate-related investments. The company seeks to generate income from a portfolio that may include residential mortgage loans, agency and non-agency residential mortgage-backed securities, and other mortgage-related assets.

Chimera’s investments can include whole residential mortgage loans and securitized interests backed by mortgages. Its portfolio has historically included both agency assets, which carry guarantees from government-sponsored entities or government agencies, and non-agency assets, which generally involve greater credit exposure.