Mitsubishi UFJ Trust & Banking Corp Has $176,000 Stock Position in Chimera Investment Corporation $CIM

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Chimera Investment Corporation (NYSE:CIM) by 90.2% in the second quarter, HoldingsChannel reports. The firm owned 13,193 shares of the real estate investment trust’s stock after selling 121,562 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chimera Investment were worth $176,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Chimera Investment by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 7,651,505 shares of the real estate investment trust’s stock worth $95,108,000 after buying an additional 208,112 shares during the period. Thornburg Investment Management Inc. lifted its position in shares of Chimera Investment by 5.0% during the 4th quarter. Thornburg Investment Management Inc. now owns 5,268,481 shares of the real estate investment trust’s stock valued at $65,487,000 after acquiring an additional 249,127 shares during the period. Geode Capital Management LLC boosted its stake in Chimera Investment by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,975,021 shares of the real estate investment trust’s stock worth $24,554,000 after acquiring an additional 43,419 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Chimera Investment by 2.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,547,432 shares of the real estate investment trust’s stock worth $21,463,000 after acquiring an additional 35,425 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Chimera Investment by 7.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 982,889 shares of the real estate investment trust’s stock worth $12,994,000 after purchasing an additional 66,031 shares during the period. 48.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CIM shares. Keefe, Bruyette & Woods dropped their price objective on shares of Chimera Investment from $15.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings downgraded Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of Chimera Investment in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chimera Investment currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Stock Down 0.4%

CIM stock opened at $11.81 on Friday. The stock has a market cap of $988.62 million, a P/E ratio of -11.58 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 2.34. The stock’s fifty day simple moving average is $12.86 and its two-hundred day simple moving average is $13.10. Chimera Investment Corporation has a 1-year low of $11.46 and a 1-year high of $14.88.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.08). The business had revenue of $94.77 million for the quarter, compared to analysts’ expectations of $95.30 million. Chimera Investment had a net margin of 0.14% and a return on equity of 9.82%.

Chimera Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 15.2%. Chimera Investment’s dividend payout ratio is presently -176.47%.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.