Credit Agricole S A purchased a new position in shares of Chimera Investment Co. (NYSE:CIM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,487 shares of the real estate investment trust’s stock, valued at approximately $110,000.
Several other hedge funds also recently modified their holdings of CIM. Bayesian Capital Management LP acquired a new position in shares of Chimera Investment during the fourth quarter worth about $652,000. Gideon Capital Advisors Inc. purchased a new position in shares of Chimera Investment during the fourth quarter worth $660,000. FMR LLC boosted its position in shares of Chimera Investment by 53.7% in the fourth quarter. FMR LLC now owns 919,405 shares of the real estate investment trust’s stock worth $15,648,000 after buying an additional 321,400 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Chimera Investment by 9.1% in the fourth quarter. Martingale Asset Management L P now owns 1,554,197 shares of the real estate investment trust’s stock worth $26,453,000 after buying an additional 130,245 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of Chimera Investment during the fourth quarter worth $243,000. 53.03% of the stock is owned by institutional investors and hedge funds.
Chimera Investment Co. (NYSE:CIM) traded up 0.15% during mid-day trading on Friday, reaching $20.49. 1,265,010 shares of the company’s stock were exchanged. Chimera Investment Co. has a 52-week low of $13.87 and a 52-week high of $20.90. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 7.02 and a beta of 0.74. The company has a 50-day moving average of $19.96 and a 200-day moving average of $17.76.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, March 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.76%. The ex-dividend date of this dividend is Wednesday, March 29th. Chimera Investment’s dividend payout ratio is currently 84.75%.
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CIM has been the topic of several research reports. Wells Fargo & Co raised shares of Chimera Investment from an “underperform” rating to a “market perform” rating in a research report on Thursday, February 16th. Zacks Investment Research lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Chimera Investment has a consensus rating of “Hold” and an average price target of $17.42.
Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
