Chimera Investment Co. (NYSE:CIM) Stake Reduced by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 544,120 shares of the real estate investment trust’s stock after selling 315,835 shares during the period. Leeward Investments LLC MA owned about 0.67% of Chimera Investment worth $7,618,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in Chimera Investment during the third quarter worth approximately $65,000. Simplify Asset Management Inc. acquired a new stake in shares of Chimera Investment during the third quarter worth $158,000. Virtu Financial LLC acquired a new stake in shares of Chimera Investment during the third quarter worth $186,000. Investment Partners Asset Management Inc. acquired a new stake in shares of Chimera Investment during the fourth quarter worth $183,000. Finally, Moloney Securities Asset Management LLC boosted its holdings in shares of Chimera Investment by 14.1% in the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,719 shares during the period. 48.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of Chimera Investment stock in a transaction on Monday, December 9th. The stock was bought at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the transaction, the executive now directly owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CIM shares. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Trading Down 0.6 %

Shares of NYSE CIM opened at $13.76 on Monday. Chimera Investment Co. has a one year low of $11.28 and a one year high of $16.89. The firm has a market capitalization of $1.11 billion, a PE ratio of 12.73 and a beta of 1.71. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The business has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $14.94.

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 analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. As a group, analysts predict that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.76%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is 137.02%.

Chimera Investment Company 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.