Norges Bank Buys Shares of 273,360 Chimera Investment Co. (NYSE:CIM)

Norges Bank purchased a new position in shares of Chimera Investment Co. (NYSE:CIM) in the 4th quarter, Holdings Channel.com reports. The firm purchased 273,360 shares of the real estate investment trust’s stock, valued at approximately $3,827,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in Chimera Investment by 0.4% in the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after buying an additional 7,595 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Chimera Investment by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock valued at $29,439,000 after acquiring an additional 32,835 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Chimera Investment by 18.9% during the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after acquiring an additional 122,088 shares during the period. Bank of New York Mellon Corp raised its holdings in Chimera Investment by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock worth $5,118,000 after purchasing an additional 49,388 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Chimera Investment by 84.7% in the fourth quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock valued at $4,339,000 after purchasing an additional 142,105 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on CIM shares. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Insider Activity at Chimera Investment

In other news, Director Gerard Creagh bought 12,500 shares of Chimera Investment stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the acquisition, the director now owns 138,127 shares of the company’s stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by insiders.

Chimera Investment Trading Down 5.5 %

Shares of CIM opened at $10.85 on Friday. Chimera Investment Co. has a fifty-two week low of $9.85 and a fifty-two week high of $16.89. The stock has a fifty day moving average of $13.45 and a two-hundred day moving average of $14.36. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The company has a market capitalization of $878.34 million, a PE ratio of 10.05 and a beta of 1.47.

Chimera Investment (NYSE:CIM) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 forecast that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.37 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.64%. Chimera Investment’s dividend payout ratio is presently 137.04%.

Chimera Investment 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.