QS Investors LLC lowered its position in Chimera Investment Corporation (NYSE:CIM) by 69.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,208 shares of the real estate investment trust’s stock after selling 114,736 shares during the period. QS Investors LLC’s holdings in Chimera Investment Corporation were worth $954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chimera Investment Corporation by 6.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,354 shares of the real estate investment trust’s stock worth $156,000 after acquiring an additional 485 shares during the period. Ffcm LLC grew its holdings in shares of Chimera Investment Corporation by 99.8% in the second quarter. Ffcm LLC now owns 9,691 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 4,840 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in shares of Chimera Investment Corporation in the second quarter worth $189,000. Synovus Financial Corp grew its holdings in shares of Chimera Investment Corporation by 3.3% in the second quarter. Synovus Financial Corp now owns 10,147 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 326 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in shares of Chimera Investment Corporation by 3.8% in the second quarter. Wedbush Securities Inc. now owns 10,893 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 399 shares during the period. 52.19% of the stock is owned by institutional investors.

Several analysts recently commented on the company. Barclays PLC set a $18.00 price objective on Chimera Investment Corporation and gave the stock a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.50 price objective on shares of Chimera Investment Corporation in a report on Friday, October 6th. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub raised Chimera Investment Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research lowered Chimera Investment Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Chimera Investment Corporation currently has a consensus rating of “Hold” and a consensus target price of $18.83.

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Chimera Investment Corporation (NYSE:CIM) opened at 19.02 on Friday. The company’s 50-day moving average price is $19.07 and its 200 day moving average price is $19.13. Chimera Investment Corporation has a 52-week low of $15.19 and a 52-week high of $20.90. The stock has a market capitalization of $3.57 billion, a P/E ratio of 5.47 and a beta of 0.88.

Chimera Investment Corporation (NYSE:CIM) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $149.75 million. During the same quarter last year, the business earned $0.51 earnings per share. Chimera Investment Corporation’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Chimera Investment Corporation will post $2.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders 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 dividend yield of 10.52%. The ex-dividend date is Thursday, September 28th. Chimera Investment Corporation’s dividend payout ratio (DPR) 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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