Chimera Investment Co. (NYSE:CIM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Chimera Investment Co. (NYSE:CIM) by 64.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,976 shares of the real estate investment trust’s stock after selling 252,626 shares during the period. Rhumbline Advisers owned about 0.17% of Chimera Investment worth $1,779,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CIM. Strategic Advisors LLC lifted its position in shares of Chimera Investment by 14.2% during the first quarter. Strategic Advisors LLC now owns 20,155 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 2,500 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Chimera Investment by 23.0% during the fourth quarter. Private Advisor Group LLC now owns 16,421 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 3,066 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Chimera Investment by 8.5% during the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 3,218 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Chimera Investment during the fourth quarter worth about $27,000. Finally, Principal Securities Inc. bought a new position in shares of Chimera Investment during the fourth quarter worth about $28,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Stock Performance

Shares of NYSE CIM opened at $16.65 on Friday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 3.75. The firm’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $13.83. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $18.00. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.97 and a beta of 1.73.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $186.72 million for the quarter, compared to analysts’ expectations of $66.50 million. Chimera Investment had a return on equity of 7.66% and a net margin of 28.79%. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts forecast that Chimera Investment Co. will post 1.5 earnings per share for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Monday, September 30th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio (DPR) is currently 91.50%.

Analyst Upgrades and Downgrades

CIM has been the topic of several research analyst reports. StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price 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.

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.