Raymond James Trust N.A. lowered its stake in Chimera Investment Co. (NYSE:CIM) by 33.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,172 shares of the real estate investment trust’s stock after selling 7,144 shares during the quarter. Raymond James Trust N.A.’s holdings in Chimera Investment were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in Chimera Investment by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 341 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Chimera Investment by 1.7% in the second quarter. Alliancebernstein L.P. now owns 108,311 shares of the real estate investment trust’s stock worth $2,018,000 after purchasing an additional 1,830 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Chimera Investment by 11.6% in the third quarter. Pacer Advisors Inc. now owns 29,152 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 3,028 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Chimera Investment by 77.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,286 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Chimera Investment by 0.9% in the second quarter. Parametric Portfolio Associates LLC now owns 489,594 shares of the real estate investment trust’s stock worth $9,121,000 after purchasing an additional 4,211 shares during the last quarter. Institutional investors own 50.29% of the company’s stock.

CIM has been the topic of several research reports. ValuEngine cut shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Credit Suisse Group upgraded shares of Chimera Investment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $18.01 to $19.00 in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Chimera Investment presently has a consensus rating of “Hold” and an average target price of $18.88.

In other Chimera Investment news, CIO Mohit Marria purchased 3,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were acquired at an average price of $25.82 per share, for a total transaction of $77,460.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Chimera Investment Co. (CIM) opened at $16.47 on Friday. The firm has a market cap of $3,143.45, a price-to-earnings ratio of 5.05 and a beta of 0.60. Chimera Investment Co. has a one year low of $15.77 and a one year high of $20.90. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.02 and a current ratio of 0.02.

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Chimera Investment Profile

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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