Raymond James & Associates Boosts Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Raymond James & Associates grew its position in Chimera Investment Co. (NYSE:CIM) by 29.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,634 shares of the real estate investment trust’s stock after acquiring an additional 13,540 shares during the quarter. Raymond James & Associates’ holdings in Chimera Investment were worth $298,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Chimera Investment by 3.8% in the 3rd quarter. SG Americas Securities LLC now owns 111,159 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 4,111 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Chimera Investment in the third quarter worth about $55,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Chimera Investment by 34.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,379 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 11,392 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chimera Investment by 61.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,812 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Chimera Investment by 27.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,426 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 4,896 shares in the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Price Performance

CIM stock opened at $4.19 on Monday. Chimera Investment Co. has a 1 year low of $3.92 and a 1 year high of $6.49. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $1.01 billion, a PE ratio of 18.22 and a beta of 1.68. The business has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $4.73.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Friday, April 5th. Chimera Investment’s payout ratio is currently 191.30%.

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.