Bank of New York Mellon Corp Raises Stake in Chimera Investment Co. (NYSE:CIM)

Bank of New York Mellon Corp boosted its position in shares of Chimera Investment Co. (NYSE:CIM) by 15.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 365,603 shares of the real estate investment trust’s stock after acquiring an additional 49,388 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Chimera Investment worth $5,118,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Chimera Investment during the fourth quarter worth $468,000. Wolverine Asset Management LLC lifted its holdings in Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after buying an additional 42,741 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Chimera Investment by 51.5% during the 4th quarter. Handelsbanken Fonder AB now owns 26,487 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 9,000 shares in the last quarter. AlphaCentric Advisors LLC increased its holdings in shares of Chimera Investment by 256.6% in the 4th quarter. AlphaCentric Advisors LLC now owns 50,000 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 35,978 shares during the last quarter. Finally, Investment Partners Asset Management Inc. acquired a new stake in shares of Chimera Investment during the 4th quarter worth about $183,000. 48.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares in the company, valued at $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CIM has been the topic 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, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Chimera Investment Stock Up 0.9 %

Chimera Investment stock opened at $13.76 on Tuesday. The stock has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $14.81. The company has a market capitalization of $1.11 billion, a P/E ratio of 12.73 and a beta of 1.76. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. Chimera Investment Co. has a fifty-two week low of $11.29 and a fifty-two week high of $16.89.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. Equities research analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s payout ratio is currently 137.04%.

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.