Arizona State Retirement System Sells 39,798 Shares of Chimera Investment Co. (NYSE:CIM)

Arizona State Retirement System lessened its position in shares of Chimera Investment Co. (NYSE:CIM) by 63.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,522 shares of the real estate investment trust’s stock after selling 39,798 shares during the quarter. Arizona State Retirement System’s holdings in Chimera Investment were worth $288,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CIM. Norges Bank bought a new position in shares of Chimera Investment during the 4th quarter worth approximately $7,832,000. MGO One Seven LLC boosted its holdings in shares of Chimera Investment by 2,943.7% in the 4th quarter. MGO One Seven LLC now owns 990,356 shares of the real estate investment trust’s stock valued at $4,942,000 after acquiring an additional 957,818 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Chimera Investment by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock valued at $106,526,000 after acquiring an additional 459,838 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Chimera Investment by 87.6% in the 4th quarter. Pinebridge Investments L.P. now owns 546,611 shares of the real estate investment trust’s stock valued at $2,728,000 after acquiring an additional 255,214 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Chimera Investment by 16.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock worth $8,245,000 after buying an additional 229,925 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Price Performance

Chimera Investment stock opened at $15.96 on Wednesday. Chimera Investment Co. has a 12-month low of $11.28 and a 12-month high of $18.78. The stock has a market cap of $1.28 billion, a P/E ratio of 10.43 and a beta of 1.73. The company has a 50-day moving average price of $14.95 and a 200 day moving average price of $13.78. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.75.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $186.72 million during the quarter, compared to analyst estimates of $66.50 million. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. During the same quarter last year, the firm posted $0.36 earnings per share. Sell-side analysts anticipate that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CIM shares. Keefe, Bruyette & Woods increased their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

About Chimera Investment

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.