Chimera Investment Corporation $CIM Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in shares of Chimera Investment Corporation (NYSE:CIM) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 502,430 shares of the real estate investment trust’s stock after selling 22,206 shares during the period. Leeward Investments LLC MA’s holdings in Chimera Investment were worth $6,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CIM. AlphaQuest LLC raised its position in shares of Chimera Investment by 32.0% in the second quarter. AlphaQuest LLC now owns 35,401 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 8,576 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Chimera Investment by 13.6% in the second quarter. Moloney Securities Asset Management LLC now owns 11,447 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 1,367 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Chimera Investment by 2.6% in the second quarter. D.A. Davidson & CO. now owns 71,739 shares of the real estate investment trust’s stock valued at $995,000 after buying an additional 1,785 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Chimera Investment in the second quarter valued at approximately $2,301,000. Finally, Allianz Asset Management GmbH raised its position in shares of Chimera Investment by 9.1% in the second quarter. Allianz Asset Management GmbH now owns 1,373,609 shares of the real estate investment trust’s stock valued at $19,052,000 after buying an additional 114,200 shares during the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Price Performance

Chimera Investment stock opened at $13.06 on Monday. Chimera Investment Corporation has a 1 year low of $9.85 and a 1 year high of $15.97. The firm has a 50 day moving average price of $13.65 and a 200 day moving average price of $13.37. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.36 and a beta of 1.85. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14.

Chimera Investment (NYSE:CIM) last released its earnings results on Monday, March 6th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%. The firm had revenue of ($60.05) million during the quarter. Sell-side analysts predict that Chimera Investment Corporation will post 1.57 earnings per share for the current year.

Chimera Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.3%. The ex-dividend date is Tuesday, September 30th. Chimera Investment’s payout ratio is currently 117.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Chimera Investment from $16.50 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, July 10th. Wall Street Zen lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chimera Investment in a report on Friday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Chimera Investment presently has an average rating of “Hold” and a consensus target price of $15.50.

About Chimera Investment

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.