Bank of New York Mellon Corp raised its position in shares of Chimera Investment Co. (NYSE:CIM) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 745,529 shares of the real estate investment trust’s stock after purchasing an additional 24,570 shares during the period. Bank of New York Mellon Corp owned 0.40% of Chimera Investment worth $14,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Chimera Investment by 4.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 183,848 shares of the real estate investment trust’s stock worth $3,426,000 after purchasing an additional 8,442 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Chimera Investment during the 2nd quarter worth about $7,516,000. Canada Pension Plan Investment Board purchased a new stake in shares of Chimera Investment during the 3rd quarter worth about $539,000. American Century Companies Inc. purchased a new stake in shares of Chimera Investment during the 2nd quarter worth about $2,722,000. Finally, BlackRock Inc. raised its stake in shares of Chimera Investment by 6.7% during the 2nd quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock worth $224,151,000 after purchasing an additional 758,460 shares in the last quarter. 50.67% of the stock is owned by institutional investors.
Chimera Investment Co. (NYSE:CIM) opened at $18.99 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. Chimera Investment Co. has a one year low of $16.70 and a one year high of $20.90. The firm has a market capitalization of $3,528.41, a P/E ratio of 7.89 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend is Thursday, December 28th. Chimera Investment’s payout ratio is 61.35%.
In related news, insider Mohit Marria acquired 6,625 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $17.89 per share, with a total value of $118,521.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Barclays set a $18.00 price target on Chimera Investment and gave the stock a “hold” rating in a research note on Tuesday, October 10th. ValuEngine raised Chimera Investment from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.50 price target on shares of Chimera Investment in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.83.
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About Chimera Investment
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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