Geode Capital Management LLC Buys 32,835 Shares of Chimera Investment Co. (NYSE:CIM)

Geode Capital Management LLC boosted its position in shares of Chimera Investment Co. (NYSE:CIM) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,859,330 shares of the real estate investment trust’s stock after buying an additional 32,835 shares during the quarter. Geode Capital Management LLC owned approximately 2.30% of Chimera Investment worth $29,439,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after acquiring an additional 137,655 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Chimera Investment by 67.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 59,380 shares during the period. Cadent Capital Advisors LLC boosted its stake in shares of Chimera Investment by 12.9% in the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock valued at $4,213,000 after purchasing an additional 30,393 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Chimera Investment by 46.2% in the 3rd quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock valued at $1,361,000 after purchasing an additional 27,190 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Chimera Investment during the 3rd quarter worth approximately $320,000. 48.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the transaction, the executive now directly owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Chimera Investment Trading Down 0.6 %

Shares of NYSE CIM opened at $14.28 on Friday. The company’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $14.76. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The firm has a market capitalization of $1.15 billion, a P/E ratio of 4.33 and a beta of 1.71.

Chimera Investment (NYSE:CIM) last posted its quarterly 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). The company had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts predict that Chimera Investment Co. will post 1.47 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.36%. Chimera Investment’s 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.