Chimera Investment Stock Set to Reverse Split on Wednesday, May 22nd (NYSE:CIM)

Chimera Investment Co. (NYSE:CIM) shares are scheduled to reverse split before the market opens on Wednesday, May 22nd. The 1-3 reverse split was announced on Wednesday, May 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 22nd.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $4.36 on Tuesday. The firm’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.69. The company has a current ratio of 5.46, a quick ratio of 5.46 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $1.05 billion, a P/E ratio of 8.55 and a beta of 1.68. Chimera Investment has a 52 week low of $3.92 and a 52 week high of $6.49.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.44 annualized dividend and a dividend yield of 10.09%. Chimera Investment’s payout ratio is 86.28%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Friday.

Institutional Investors Weigh In On Chimera Investment

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Chimera Investment by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock worth $106,526,000 after buying an additional 459,838 shares in the last quarter. Leeward Investments LLC MA raised its position in Chimera Investment by 1.0% in the first quarter. Leeward Investments LLC MA now owns 2,752,707 shares of the real estate investment trust’s stock worth $12,690,000 after acquiring an additional 27,077 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Chimera Investment by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,478,859 shares of the real estate investment trust’s stock valued at $12,370,000 after acquiring an additional 78,731 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Chimera Investment by 6.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,805,721 shares of the real estate investment trust’s stock valued at $9,859,000 after purchasing an additional 110,303 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Chimera Investment by 16.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock worth $8,245,000 after purchasing an additional 229,925 shares during the last quarter. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Company Profile

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.