Chimera Investment Co. (NYSE:CIM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 19.8% in the fourth quarter, Holdings Channel reports. The firm owned 20,308 shares of the real estate investment trust’s stock after selling 5,016 shares during the period. Nisa Investment Advisors LLC’s holdings in Chimera Investment were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Chimera Investment during the fourth quarter worth about $253,000. Franklin Resources Inc. boosted its stake in Chimera Investment by 10.1% in the third quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust’s stock valued at $1,302,000 after acquiring an additional 7,825 shares during the period. Virtu Financial LLC bought a new position in Chimera Investment during the 3rd quarter worth $186,000. Geode Capital Management LLC grew its position in shares of Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after acquiring an additional 32,835 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Chimera Investment by 301.6% in the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after purchasing an additional 137,655 shares during the period. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Chimera Investment Price Performance

Shares of NYSE CIM opened at $14.32 on Thursday. The firm has a 50-day moving average of $14.45 and a two-hundred day moving average of $14.97. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.34 and a beta of 1.70. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. Chimera Investment Co. has a twelve month low of $11.28 and a twelve month high of $16.89.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The company had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, analysts expect that Chimera Investment Co. will post 1.47 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.34%. Chimera Investment’s payout ratio is currently 44.85%.

Insiders Place Their Bets

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

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.