VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Chimera Investment Corporation $CIM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Chimera Investment Corporation (NYSE:CIM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,503 shares of the real estate investment trust’s stock, valued at approximately $1,194,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.11% of Chimera Investment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in Chimera Investment by 1,465.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,247,904 shares of the real estate investment trust’s stock valued at $16,647,000 after acquiring an additional 1,168,209 shares during the last quarter. BlackRock Inc. increased its position in shares of Chimera Investment by 9.5% in the 2nd quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock worth $104,787,000 after purchasing an additional 681,996 shares during the last quarter. UBS Group AG increased its position in shares of Chimera Investment by 130.7% in the 4th quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust’s stock worth $9,493,000 after purchasing an additional 432,727 shares during the last quarter. Millennium Management LLC raised its stake in shares of Chimera Investment by 65.8% in the 4th quarter. Millennium Management LLC now owns 697,620 shares of the real estate investment trust’s stock valued at $8,671,000 after purchasing an additional 276,950 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Chimera Investment by 88.7% in the 3rd quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust’s stock valued at $7,594,000 after purchasing an additional 270,034 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

CIM has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their price target on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $14.00 price objective on shares of Chimera Investment in a research note on Wednesday, June 3rd. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Finally, Weiss Ratings upgraded Chimera Investment from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.50.

Chimera Investment Trading Down 0.4%

Chimera Investment stock opened at $11.13 on Friday. The firm’s 50-day moving average is $12.14 and its 200-day moving average is $12.90. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.07 and a current ratio of 0.07. Chimera Investment Corporation has a 1 year low of $11.06 and a 1 year high of $14.40. The company has a market cap of $932.11 million, a P/E ratio of -10.92 and a beta of 1.66.

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

About Chimera Investment

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.