Jefferies Group LLC lowered its stake in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,016 shares of the real estate investment trust’s stock after selling 20,877 shares during the quarter. Jefferies Group LLC’s holdings in CHIMERA INVT CO/SH NEW were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CIM. First Hawaiian Bank bought a new stake in CHIMERA INVT CO/SH NEW during the third quarter worth $120,000. Tower Research Capital LLC TRC bought a new stake in CHIMERA INVT CO/SH NEW during the third quarter worth $126,000. National Asset Management Inc. bought a new stake in CHIMERA INVT CO/SH NEW during the third quarter worth $189,000. Trilogy Capital Inc. bought a new stake in CHIMERA INVT CO/SH NEW during the third quarter worth $192,000. Finally, Laurion Capital Management LP bought a new stake in CHIMERA INVT CO/SH NEW during the third quarter worth $192,000. Institutional investors and hedge funds own 47.86% of the company’s stock.

CIM stock opened at $18.94 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.02 and a current ratio of 0.02. CHIMERA INVT CO/SH NEW has a 1-year low of $15.77 and a 1-year high of $19.35. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 7.92 and a beta of 0.50.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. CHIMERA INVT CO/SH NEW had a return on equity of 12.52% and a net margin of 50.69%. The business had revenue of $147.04 million for the quarter, compared to analysts’ expectations of $141.90 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, research analysts predict that CHIMERA INVT CO/SH NEW will post 2.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be given a $0.50 dividend. The ex-dividend date is Friday, December 28th. This represents a $2.00 annualized dividend and a yield of 10.56%. CHIMERA INVT CO/SH NEW’s dividend payout ratio is currently 85.47%.

Several equities research analysts recently issued reports on CIM shares. Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Raymond James started coverage on CHIMERA INVT CO/SH NEW in a report on Thursday, October 11th. They set a “market perform” rating for the company. Finally, Deutsche Bank upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “buy” rating and decreased their price target for the stock from $19.00 to $18.50 in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.30.

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CHIMERA INVT CO/SH NEW Company Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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