Charles Schwab Investment Management Inc. Sells 30,799 Shares of Chimera Investment Co. (NYSE:CIM)

Charles Schwab Investment Management Inc. reduced its position in shares of Chimera Investment Co. (NYSE:CIM) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,931,693 shares of the real estate investment trust’s stock after selling 30,799 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.39% of Chimera Investment worth $30,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Chimera Investment during the 3rd quarter valued at approximately $320,000. Prospera Private Wealth LLC bought a new position in shares of Chimera Investment during the 3rd quarter valued at approximately $65,000. Natixis Advisors LLC boosted its stake in Chimera Investment by 46.2% during the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock worth $1,361,000 after buying an additional 27,190 shares during the period. Simplify Asset Management Inc. purchased a new position in Chimera Investment during the third quarter worth $158,000. Finally, Atria Investments Inc boosted its stake in Chimera Investment by 32.8% during the third quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 4,110 shares during the period. 48.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CIM has been the subject of several recent analyst reports. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th.

Chimera Investment Stock Performance

CIM stock opened at $14.69 on Wednesday. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The business has a 50-day moving average price of $15.27 and a 200 day moving average price of $14.67. The company has a market capitalization of $1.19 billion, a P/E ratio of 4.45 and a beta of 1.71. Chimera Investment Co. has a 1-year low of $11.28 and a 1-year high of $16.89.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The company had revenue of $195.30 million during the quarter, compared to analysts’ expectations of $69.90 million. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts forecast that Chimera Investment Co. will post 1.5 EPS for the current fiscal year.

Chimera Investment Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.07%. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is currently 44.85%.

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.