Chimera Investment Co. (NYSE:CIM - Get Free Report) Director Gerard Creagh bought 12,500 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the transaction, the director now owns 138,127 shares of the company's stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Chimera Investment Stock Performance
CIM opened at $13.34 on Friday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 12.35 and a beta of 1.76. The firm's fifty day simple moving average is $14.22 and its two-hundred day simple moving average is $14.86. The company has a quick ratio of 3.03, a current ratio of 0.06 and a debt-to-equity ratio of 2.82. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. Equities analysts anticipate that Chimera Investment Co. will post 1.57 earnings per share for the current fiscal year.
Chimera Investment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.10%. Chimera Investment's dividend payout ratio (DPR) is presently 137.04%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in Chimera Investment by 4.9% during the fourth quarter. Sterling Capital Management LLC now owns 29,111 shares of the real estate investment trust's stock worth $408,000 after purchasing an additional 1,357 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Chimera Investment by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 49,231 shares of the real estate investment trust's stock worth $689,000 after acquiring an additional 2,694 shares in the last quarter. Atria Investments Inc lifted its position in shares of Chimera Investment by 18.1% during the fourth quarter. Atria Investments Inc now owns 19,672 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 3,018 shares in the last quarter. Quarry LP grew its holdings in shares of Chimera Investment by 1,691.7% in the fourth quarter. Quarry LP now owns 3,243 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 3,062 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Chimera Investment by 4.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 82,680 shares of the real estate investment trust's stock worth $1,158,000 after buying an additional 3,160 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CIM has been the subject of a number of recent research reports. StockNews.com lowered Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Chimera Investment in a research report on Thursday, January 23rd.
Check Out Our Latest Research Report on Chimera Investment
About Chimera Investment
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
