Zurcher Kantonalbank Zurich Cantonalbank Sells 4,249 Shares of Chimera Investment Co. (NYSE:CIM)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Chimera Investment Co. (NYSE:CIM) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,130 shares of the real estate investment trust’s stock after selling 4,249 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chimera Investment were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rhumbline Advisers grew its stake in Chimera Investment by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 385,856 shares of the real estate investment trust’s stock valued at $2,107,000 after purchasing an additional 2,422 shares during the period. Natixis Advisors L.P. increased its holdings in Chimera Investment by 1.2% during the third quarter. Natixis Advisors L.P. now owns 226,787 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 2,708 shares during the last quarter. Sherbrooke Park Advisers LLC raised its position in Chimera Investment by 18.1% in the third quarter. Sherbrooke Park Advisers LLC now owns 24,779 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 3,804 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Chimera Investment by 61.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,812 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Chimera Investment by 4.2% during the 3rd quarter. Harbour Investments Inc. now owns 106,196 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 4,233 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Trading Down 1.6 %

NYSE:CIM opened at $4.28 on Wednesday. The firm’s 50 day moving average is $4.33 and its 200 day moving average is $4.69. Chimera Investment Co. has a 12 month low of $3.92 and a 12 month high of $6.49. The stock has a market capitalization of $1.03 billion, a PE ratio of 18.61 and a beta of 1.68. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.00.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a yield of 10.28%. Chimera Investment’s dividend payout ratio is presently 191.30%.

Chimera Investment Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.