Chimera Investment Co. (NYSE:CIM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Chimera Investment Co. (NYSE:CIM) by 81.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,667 shares of the real estate investment trust’s stock after purchasing an additional 16,473 shares during the quarter. Intech Investment Management LLC’s holdings in Chimera Investment were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIM. State Street Corp lifted its stake in Chimera Investment by 0.4% during the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after acquiring an additional 7,595 shares during the period. Geode Capital Management LLC lifted its position in Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock valued at $29,439,000 after purchasing an additional 32,835 shares during the period. Van ECK Associates Corp boosted its holdings in Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock valued at $10,746,000 after purchasing an additional 122,088 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Chimera Investment by 15.6% in the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock valued at $5,118,000 after purchasing an additional 49,388 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after purchasing an additional 42,741 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Insider Buying and Selling

In other news, Director Gerard Creagh purchased 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CIM. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th.

Chimera Investment Price Performance

Shares of Chimera Investment stock opened at $13.54 on Tuesday. The firm has a market cap of $1.10 billion, a PE ratio of 12.53 and a beta of 1.76. Chimera Investment Co. has a twelve month low of $11.29 and a twelve month high of $16.89. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. The business has a 50-day moving average price of $14.15 and a 200 day moving average price of $14.75.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Sell-side analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.93%. Chimera Investment’s dividend payout ratio is currently 137.04%.

About Chimera Investment

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.