Chimera Investment Corporation $CIM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Chimera Investment Corporation (NYSE:CIM) by 32.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 402,233 shares of the real estate investment trust’s stock after selling 195,584 shares during the period. SG Americas Securities LLC owned approximately 0.48% of Chimera Investment worth $5,048,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CIM. UBS Group AG raised its stake 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 worth $9,493,000 after buying an additional 432,727 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Chimera Investment during the fourth quarter worth $4,977,000. Millennium Management LLC raised its position in Chimera Investment by 65.8% in the fourth quarter. Millennium Management LLC now owns 697,620 shares of the real estate investment trust’s stock worth $8,671,000 after acquiring an additional 276,950 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Chimera Investment by 88.7% in the third quarter. Two Sigma Investments LP now owns 574,456 shares of the real estate investment trust’s stock valued at $7,594,000 after acquiring an additional 270,034 shares during the period. Finally, Thornburg Investment Management Inc. lifted its holdings in Chimera Investment by 5.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 5,268,481 shares of the real estate investment trust’s stock valued at $65,487,000 after acquiring an additional 249,127 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Analyst Upgrades and Downgrades

CIM has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $14.00 price target on shares of Chimera Investment in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings lowered Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.83.

Chimera Investment Price Performance

Chimera Investment stock opened at $13.69 on Tuesday. The firm has a market capitalization of $1.14 billion, a PE ratio of -17.11 and a beta of 1.68. Chimera Investment Corporation has a 52 week low of $11.67 and a 52 week high of $14.88. The firm’s 50-day simple moving average is $13.41 and its 200 day simple moving average is $13.16. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.31.

Chimera Investment (NYSE:CIM) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Chimera Investment had a net margin of 2.27% and a return on equity of 9.36%. The company had revenue of $32.37 million during the quarter, compared to analysts’ expectations of $102.35 million.

Chimera Investment Announces Dividend

The business also recently disclosed 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 dividend yield of 13.2%. The ex-dividend date is Tuesday, June 30th. Chimera Investment’s payout ratio is currently -225.00%.

About Chimera Investment

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.