Chimera Investment Corporation $CIM Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,430 shares of the real estate investment trust’s stock after selling 22,206 shares during the period. Leeward Investments LLC MA owned 0.62% of Chimera Investment worth $6,969,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. LSV Asset Management lifted its stake in shares of Chimera Investment by 306.2% in the 1st quarter. LSV Asset Management now owns 1,419,535 shares of the real estate investment trust’s stock worth $18,213,000 after acquiring an additional 1,070,034 shares during the period. Nuveen LLC acquired a new stake in shares of Chimera Investment in the 1st quarter worth $2,703,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Chimera Investment in the 2nd quarter worth $2,301,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Chimera Investment by 671.6% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,866 shares of the real estate investment trust’s stock worth $2,115,000 after acquiring an additional 143,500 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Chimera Investment by 9.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,373,609 shares of the real estate investment trust’s stock worth $19,052,000 after acquiring an additional 114,200 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Stock Up 0.9%

Shares of NYSE CIM opened at $13.06 on Monday. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 4.47. Chimera Investment Corporation has a 52 week low of $9.85 and a 52 week high of $15.97. The firm has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.37. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.36 and a beta of 1.85.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings data on Monday, March 6th. The real estate investment trust reported $0.46 EPS for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The firm had revenue of ($60.05) million during the quarter. Equities research analysts anticipate that Chimera Investment Corporation will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.3%. Chimera Investment’s payout ratio is presently 117.46%.

Analysts Set New Price Targets

Several analysts have recently commented on CIM shares. Wall Street Zen cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods reduced their target price on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, July 10th. UBS Group raised their target price on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chimera Investment in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

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.