Two Sigma Advisers LP acquired a new stake in shares of Chimera Investment Co. (NYSE:CIM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,272 shares of the real estate investment trust’s stock, valued at approximately $338,000.
Several other institutional investors also recently added to or reduced their stakes in CIM. American Century Companies Inc. purchased a new position in shares of Chimera Investment in the fourth quarter valued at $9,021,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Chimera Investment by 3.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,240,353 shares of the real estate investment trust’s stock valued at $22,922,000 after purchasing an additional 46,512 shares in the last quarter. Swiss National Bank grew its holdings in shares of Chimera Investment by 2.3% in the fourth quarter. Swiss National Bank now owns 287,880 shares of the real estate investment trust’s stock valued at $5,320,000 after purchasing an additional 6,400 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Chimera Investment by 2.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,896,578 shares of the real estate investment trust’s stock valued at $35,049,000 after purchasing an additional 52,874 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Chimera Investment by 26.8% in the fourth quarter. Creative Planning now owns 60,197 shares of the real estate investment trust’s stock valued at $1,112,000 after purchasing an additional 12,711 shares in the last quarter. Hedge funds and other institutional investors own 50.18% of the company’s stock.
NYSE CIM opened at $17.24 on Monday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.64. The firm has a market cap of $3,237.83, a price-to-earnings ratio of 7.37 and a beta of 0.51. Chimera Investment Co. has a 52 week low of $15.77 and a 52 week high of $20.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 11.60%. The ex-dividend date of this dividend is Thursday, March 29th. Chimera Investment’s payout ratio is 85.47%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Credit Suisse Group raised shares of Chimera Investment from a “neutral” rating to an “outperform” rating and raised their target price for the company from $18.01 to $19.00 in a report on Thursday, January 25th. Deutsche Bank raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Chimera Investment in a report on Friday, February 16th. Finally, ValuEngine lowered shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Chimera Investment presently has an average rating of “Buy” and a consensus price target of $18.75.
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Chimera Investment 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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