Old Mutual Global Investors UK Ltd. lowered its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 93.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,572 shares of the real estate investment trust’s stock after selling 677,931 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Chimera Investment Corporation were worth $886,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management raised its position in Chimera Investment Corporation by 5.8% in the second quarter. LSV Asset Management now owns 2,376,747 shares of the real estate investment trust’s stock worth $44,278,000 after purchasing an additional 129,600 shares in the last quarter. Ffcm LLC increased its holdings in shares of Chimera Investment Corporation by 99.8% during the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 4,840 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Chimera Investment Corporation by 17.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 605,302 shares of the real estate investment trust’s stock worth $11,277,000 after buying an additional 91,520 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Chimera Investment Corporation by 3.3% during the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 326 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its holdings in shares of Chimera Investment Corporation by 4.3% during the second quarter. Capital Advisors Inc. OK now owns 567,545 shares of the real estate investment trust’s stock worth $10,573,000 after buying an additional 23,377 shares in the last quarter. 52.19% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently weighed in on CIM. Zacks Investment Research lowered shares of Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine raised shares of Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of Chimera Investment Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Deutsche Bank AG increased their target price on shares of Chimera Investment Corporation from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.00.

Shares of Chimera Investment Corporation (NYSE CIM) opened at 18.85 on Friday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 5.42 and a beta of 0.90. The company’s 50 day moving average is $18.90 and its 200-day moving average is $19.18. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90.

Chimera Investment Corporation (NYSE:CIM) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $149.75 million. Chimera Investment Corporation had a return on equity of 14.27% and a net margin of 63.94%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts expect that Chimera Investment Corporation will post $2.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 10.61%. The ex-dividend date of this dividend is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio is presently 57.31%.

Chimera Investment Corporation Company Profile

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment Corporation (NYSE:CIM)

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