Chimera Investment (NYSE:CIM) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Chimera Investment (NYSE:CIM) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Chimera Investment Stock Performance

NYSE:CIM opened at $14.17 on Thursday. The stock has a 50-day moving average price of $14.47 and a 200 day moving average price of $14.95. The stock has a market capitalization of $1.15 billion, a P/E ratio of 4.29 and a beta of 1.71. Chimera Investment has a 12-month low of $11.28 and a 12-month high of $16.89. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. Equities research analysts forecast that Chimera Investment will post 1.47 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.45%. Chimera Investment’s payout ratio is 44.85%.

Insiders Place Their Bets

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of Chimera Investment stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the acquisition, the executive now directly owns 100,000 shares of the company’s stock, valued at $1,491,000. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Trading of Chimera Investment

Several institutional investors and hedge funds have recently made changes to their positions in CIM. Marshall Wace LLP bought a new stake in shares of Chimera Investment in the 4th quarter valued at about $245,000. Mariner LLC lifted its stake in shares of Chimera Investment by 50.6% during the 4th quarter. Mariner LLC now owns 130,729 shares of the real estate investment trust’s stock worth $1,830,000 after purchasing an additional 43,935 shares during the last quarter. Barclays PLC boosted its position in Chimera Investment by 12.4% during the fourth quarter. Barclays PLC now owns 206,059 shares of the real estate investment trust’s stock valued at $2,885,000 after purchasing an additional 22,764 shares in the last quarter. Sterling Capital Management LLC grew its stake in Chimera Investment by 4.9% in the fourth quarter. Sterling Capital Management LLC now owns 29,111 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 1,357 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Chimera Investment by 141.2% during the fourth quarter. LSV Asset Management now owns 349,501 shares of the real estate investment trust’s stock worth $4,893,000 after purchasing an additional 204,584 shares in the last quarter. 48.44% of the stock is currently owned by institutional investors.

About Chimera Investment

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.