KLP Kapitalforvaltning AS Invests $249,000 in Chimera Investment Co. (NYSE:CIM)

KLP Kapitalforvaltning AS bought a new position in shares of Chimera Investment Co. (NYSE:CIM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,366 shares of the real estate investment trust’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CIM. BNP Paribas Financial Markets raised its holdings in Chimera Investment by 105.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,854 shares of the real estate investment trust’s stock valued at $583,000 after acquiring an additional 18,935 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chimera Investment by 67.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 59,380 shares in the last quarter. State Street Corp lifted its position in Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock worth $31,010,000 after purchasing an additional 7,595 shares during the period. Jane Street Group LLC boosted its stake in Chimera Investment by 5.1% during the third quarter. Jane Street Group LLC now owns 141,001 shares of the real estate investment trust’s stock worth $2,232,000 after buying an additional 6,803 shares in the last quarter. Finally, Barclays PLC increased its holdings in Chimera Investment by 301.6% in the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after buying an additional 137,655 shares during the period. Institutional investors own 48.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

Insiders Place Their Bets

In related news, Director Gerard Creagh acquired 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now directly owns 138,127 shares of the company’s stock, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Chimera Investment Stock Down 6.1 %

CIM opened at $11.74 on Monday. The firm has a market cap of $950.04 million, a price-to-earnings ratio of 10.87 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The firm’s 50-day simple moving average is $13.89 and its 200-day simple moving average is $14.57. Chimera Investment Co. has a twelve month low of $11.29 and a twelve month high of $16.89.

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

Chimera Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 annualized dividend and a yield of 12.61%. Chimera Investment’s payout ratio is 137.04%.

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.