Chimera Investment (NYSE:CIM) Shares Gap Down to $13.17

Chimera Investment Co. (NYSE:CIM) gapped down before the market opened on Wednesday . The stock had previously closed at $13.17, but opened at $12.75. Chimera Investment shares last traded at $13.09, with a volume of 63,866 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.

Chimera Investment Trading Down 1.0 %

The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 3.70. The business’s 50 day moving average is $4.35 and its 200-day moving average is $4.68. The firm has a market cap of $3.15 billion, a P/E ratio of 8.60 and a beta of 1.68.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 8th were paid a $0.11 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.37%. Chimera Investment’s dividend payout ratio (DPR) is presently 86.28%.

Institutional Trading of Chimera Investment

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Chimera Investment by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock valued at $106,526,000 after purchasing an additional 459,838 shares during the last quarter. Leeward Investments LLC MA increased its stake in Chimera Investment by 1.0% during the first quarter. Leeward Investments LLC MA now owns 2,752,707 shares of the real estate investment trust’s stock valued at $12,690,000 after purchasing an additional 27,077 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Chimera Investment by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,478,859 shares of the real estate investment trust’s stock valued at $12,370,000 after purchasing an additional 78,731 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Chimera Investment by 7.2% during the first quarter. Advisors Asset Management Inc. now owns 2,123,440 shares of the real estate investment trust’s stock worth $9,789,000 after acquiring an additional 142,621 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Chimera Investment by 16.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock worth $8,245,000 after acquiring an additional 229,925 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Company 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.