D.A. Davidson & CO. lessened its holdings in shares of Chimera Investment Co. (NYSE:CIM – Get Rating) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,170 shares of the real estate investment trust’s stock after selling 3,012 shares during the quarter. D.A. Davidson & CO. owned 0.05% of Chimera Investment worth $650,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH increased its stake in Chimera Investment by 50.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,472,143 shares of the real estate investment trust’s stock valued at $7,685,000 after purchasing an additional 493,047 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in Chimera Investment during the 3rd quarter valued at $87,000. Yousif Capital Management LLC bought a new stake in Chimera Investment during the 4th quarter valued at $57,000. Hexagon Capital Partners LLC bought a new stake in Chimera Investment during the 4th quarter valued at $36,000. Finally, Raymond James & Associates increased its stake in Chimera Investment by 99.8% during the 3rd quarter. Raymond James & Associates now owns 87,880 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 43,904 shares in the last quarter. Institutional investors own 47.06% of the company’s stock.
Analyst Ratings Changes
CIM has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Chimera Investment in a report on Thursday, March 16th. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Chimera Investment in a report on Tuesday, March 7th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $6.50 price objective on shares of Chimera Investment in a report on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.
Chimera Investment Price Performance
Chimera Investment (NYSE:CIM – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $187.29 million for the quarter, compared to analysts’ expectations of $97.90 million. Chimera Investment had a negative net margin of 66.36% and a positive return on equity of 11.35%. During the same period last year, the company earned $0.46 earnings per share. Research analysts predict that Chimera Investment Co. will post 0.78 earnings per share for the current year.
Chimera Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Friday, March 31st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 16.20%. The ex-dividend date was Thursday, March 30th. Chimera Investment’s dividend payout ratio (DPR) is presently -36.95%.
About Chimera Investment
Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.
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