Chimera Investment Co. (NYSE:CIM) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lowered its stake in Chimera Investment Co. (NYSE:CIM) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,725 shares of the real estate investment trust’s stock after selling 1,477 shares during the period. Harbour Investments Inc.’s holdings in Chimera Investment were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Atria Investments Inc raised its position in Chimera Investment by 32.8% in the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 4,110 shares in the last quarter. Leeward Investments LLC MA increased its holdings in shares of Chimera Investment by 1.7% in the 3rd quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust’s stock valued at $13,613,000 after acquiring an additional 14,622 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of Chimera Investment by 14.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,719 shares during the last quarter. Cadent Capital Advisors LLC increased its holdings in shares of Chimera Investment by 12.9% in the 3rd quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock valued at $4,213,000 after acquiring an additional 30,393 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Chimera Investment in the 3rd quarter valued at about $231,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Trading Down 0.7 %

NYSE:CIM opened at $14.72 on Friday. The stock’s 50 day moving average price is $15.55 and its 200 day moving average price is $14.51. The company has a market capitalization of $1.19 billion, a PE ratio of 4.46 and a beta of 1.73. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The company had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. During the same period in the previous year, the business posted $0.39 earnings per share. On average, research analysts anticipate that Chimera Investment Co. will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.05%. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CIM shares. Keefe, Bruyette & Woods increased their price objective on Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Chimera Investment 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.