Geode Capital Management LLC Sells 18,461 Shares of Chimera Investment Co. (NYSE:CIM)

Geode Capital Management LLC decreased its holdings in Chimera Investment Co. (NYSE:CIM) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,840,869 shares of the real estate investment trust’s stock after selling 18,461 shares during the period. Geode Capital Management LLC’s holdings in Chimera Investment were worth $25,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in Chimera Investment by 0.4% in 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 buying an additional 7,595 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Chimera Investment by 18.9% during the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after acquiring an additional 122,088 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $5,118,000 after acquiring an additional 49,388 shares during the period. JPMorgan Chase & Co. grew its position in shares of Chimera Investment by 84.7% in the fourth quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock valued at $4,339,000 after purchasing an additional 142,105 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Chimera Investment during the 4th quarter valued at $3,827,000. Institutional investors own 48.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Gerard Creagh bought 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares of the company’s stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Chimera Investment Stock Up 3.2 %

Shares of NYSE:CIM opened at $11.37 on Friday. The firm has a fifty day moving average of $13.04 and a 200 day moving average of $14.20. Chimera Investment Co. has a 52-week low of $9.85 and a 52-week high of $16.89. 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 has a market capitalization of $919.69 million, a PE ratio of 10.52 and a beta of 1.47.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, 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. Stockholders of record on Monday, March 31st will be issued a $0.37 dividend. 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 13.02%. Chimera Investment’s payout ratio is 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.