Caxton Associates LLP Sells 52,762 Shares of Chimera Investment Corporation $CIM

Caxton Associates LLP decreased its holdings in Chimera Investment Corporation (NYSE:CIM) by 43.0% in the first quarter, Holdings Channel reports. The firm owned 70,068 shares of the real estate investment trust’s stock after selling 52,762 shares during the quarter. Caxton Associates LLP’s holdings in Chimera Investment were worth $879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL increased its holdings in Chimera Investment by 34.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 320,209 shares of the real estate investment trust’s stock worth $4,233,000 after buying an additional 82,883 shares in the last quarter. SG Americas Securities LLC bought a new position in Chimera Investment during the 4th quarter valued at about $7,431,000. Ritholtz Wealth Management purchased a new stake in shares of Chimera Investment during the 4th quarter valued at about $4,977,000. UBS Group AG boosted its holdings in shares of Chimera Investment by 130.7% during the 4th quarter. UBS Group AG now owns 763,691 shares of the real estate investment trust’s stock valued at $9,493,000 after acquiring an additional 432,727 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Chimera Investment by 35.3% in the fourth quarter. Wolverine Asset Management LLC now owns 713,039 shares of the real estate investment trust’s stock worth $8,863,000 after acquiring an additional 186,114 shares during the period. 48.44% of the stock is owned by institutional investors.

Chimera Investment Trading Down 0.1%

Shares of NYSE:CIM opened at $12.48 on Monday. The stock’s 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $13.19. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -15.61 and a beta of 1.67. Chimera Investment Corporation has a 52-week low of $11.67 and a 52-week high of $14.88. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.08 and a current ratio of 0.08.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%. The firm had revenue of $32.37 million during the quarter, compared to analyst estimates of $102.35 million.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 14.4%. The ex-dividend date is Tuesday, June 30th. Chimera Investment’s payout ratio is -225.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CIM. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $14.00 target price on shares of Chimera Investment in a report on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.75.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.