Commonwealth Equity Services LLC raised its position in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,133 shares of the real estate investment trust’s stock after acquiring an additional 12,224 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of CHIMERA INVT CO/SH NEW worth $2,122,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Enlightenment Research LLC bought a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter worth about $80,000. Capital Investment Advisory Services LLC bought a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter worth about $100,000. Tower Research Capital LLC TRC bought a new position in shares of CHIMERA INVT CO/SH NEW in the third quarter worth about $126,000. Ffcm LLC raised its stake in shares of CHIMERA INVT CO/SH NEW by 696.9% in the fourth quarter. Ffcm LLC now owns 8,351 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 7,303 shares during the period. Finally, National Asset Management Inc. bought a new position in shares of CHIMERA INVT CO/SH NEW in the third quarter worth about $189,000. 48.22% of the stock is currently owned by institutional investors.
NYSE:CIM opened at $18.98 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.01 and a quick ratio of 0.01. CHIMERA INVT CO/SH NEW has a 12-month low of $16.88 and a 12-month high of $19.32. The stock has a market cap of $3.55 billion, a P/E ratio of 8.11 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Thursday, March 28th. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.
Several research analysts have recently commented on CIM shares. Zacks Investment Research downgraded CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Deutsche Bank cut CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.83.
CHIMERA INVT CO/SH NEW Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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