Chimera Investment Co. (NYSE:CIM) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in shares of Chimera Investment Co. (NYSE:CIM) by 66.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,510 shares of the real estate investment trust’s stock after selling 23,022 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Chimera Investment were worth $147,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Chimera Investment in the fourth quarter worth $7,832,000. Allianz Asset Management GmbH boosted its stake in shares of Chimera Investment by 16.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock valued at $8,245,000 after purchasing an additional 229,925 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Chimera Investment in the 4th quarter worth $534,000. Pinebridge Investments L.P. grew its stake in shares of Chimera Investment by 87.6% during the fourth quarter. Pinebridge Investments L.P. now owns 546,611 shares of the real estate investment trust’s stock valued at $2,728,000 after acquiring an additional 255,214 shares in the last quarter. Finally, MGO One Seven LLC boosted its holdings in Chimera Investment by 2,943.7% in the fourth quarter. MGO One Seven LLC now owns 990,356 shares of the real estate investment trust’s stock valued at $4,942,000 after purchasing an additional 957,818 shares during the last quarter. 48.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CIM. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th.

Chimera Investment Stock Up 0.6 %

Shares of Chimera Investment stock opened at $16.19 on Monday. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 3.75. The business has a 50-day moving average price of $15.23 and a 200 day moving average price of $13.96. Chimera Investment Co. has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The firm has a market cap of $1.30 billion, a P/E ratio of 10.58 and a beta of 1.73.

Chimera Investment (NYSE:CIM) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. The firm had revenue of $186.72 million during the quarter, compared to the consensus estimate of $66.50 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, sell-side analysts forecast that Chimera Investment Co. will post 1.5 earnings per share for the current fiscal year.

Chimera Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.37 dividend. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date is Monday, September 30th. Chimera Investment’s payout ratio is presently 96.73%.

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.