Chicago Equity Partners LLC decreased its position in Chimera Investment Corporation (NYSE:CIM) by 81.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,368 shares of the real estate investment trust’s stock after selling 92,797 shares during the period. Chicago Equity Partners LLC’s holdings in Chimera Investment Corporation were worth $398,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CIM. Wells Fargo & Company MN grew its holdings in shares of Chimera Investment Corporation by 7.3% in the first quarter. Wells Fargo & Company MN now owns 1,058,026 shares of the real estate investment trust’s stock worth $21,352,000 after purchasing an additional 71,903 shares during the last quarter. US Bancorp DE boosted its holdings in Chimera Investment Corporation by 71.9% in the first quarter. US Bancorp DE now owns 17,614 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 7,366 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chimera Investment Corporation by 80.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,869 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 3,519 shares in the last quarter. Swiss National Bank boosted its holdings in Chimera Investment Corporation by 1.0% in the first quarter. Swiss National Bank now owns 293,980 shares of the real estate investment trust’s stock valued at $5,933,000 after acquiring an additional 3,000 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Chimera Investment Corporation by 14.3% in the first quarter. UBS Asset Management Americas Inc. now owns 153,603 shares of the real estate investment trust’s stock valued at $3,100,000 after acquiring an additional 19,212 shares in the last quarter. Hedge funds and other institutional investors own 52.19% of the company’s stock.

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

Shares of Chimera Investment Corporation (CIM) opened at 19.00 on Thursday. Chimera Investment Corporation has a 12-month low of $14.70 and a 12-month high of $20.90. The company has a 50-day moving average of $18.92 and a 200 day moving average of $19.18. The company has a market cap of $3.57 billion, a PE ratio of 5.46 and a beta of 0.90.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, September 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Thursday, September 28th. Chimera Investment Corporation’s payout ratio is currently 57.31%.

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Chimera Investment Corporation 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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