Meeder Asset Management Inc. lessened its holdings in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,161 shares of the real estate investment trust’s stock after selling 3,143 shares during the quarter. Meeder Asset Management Inc.’s holdings in CHIMERA INVT CO/SH NEW were worth $359,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 15,560,949 shares of the real estate investment trust’s stock valued at $282,120,000 after purchasing an additional 198,736 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 4.4% during the 3rd quarter. Federated Investors Inc. PA now owns 523,638 shares of the real estate investment trust’s stock valued at $9,493,000 after acquiring an additional 21,947 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,560,949 shares of the real estate investment trust’s stock valued at $282,120,000 after acquiring an additional 198,736 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of CHIMERA INVT CO/SH NEW by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 179,790 shares of the real estate investment trust’s stock valued at $3,260,000 after acquiring an additional 3,438 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of CHIMERA INVT CO/SH NEW during the 3rd quarter valued at $3,980,000. 47.61% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CIM opened at $18.66 on Wednesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.02 and a current ratio of 0.02. CHIMERA INVT CO/SH NEW has a twelve month low of $15.77 and a twelve month high of $19.32. The firm has a market cap of $3.48 billion, a P/E ratio of 7.97 and a beta of 0.51.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. CHIMERA INVT CO/SH NEW had a return on equity of 12.52% and a net margin of 50.69%. The company had revenue of $147.04 million for the quarter, compared to the consensus estimate of $141.90 million. During the same quarter last year, the business posted $0.69 EPS. On average, analysts forecast that CHIMERA INVT CO/SH NEW will post 2.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.72%. The ex-dividend date of this dividend is Friday, December 28th. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is 85.47%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Deutsche Bank raised CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and cut their price objective for the company from $19.00 to $18.50 in a report on Wednesday, October 24th. Finally, Raymond James assumed coverage on CHIMERA INVT CO/SH NEW in a report on Thursday, October 11th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.30.
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CHIMERA INVT CO/SH NEW Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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