Chimera Investment (NYSE:CIM) Stock Price Up 9.4%

Chimera Investment Co. (NYSE:CIM)’s share price traded up 9.4% on Thursday . The company traded as high as $4.65 and last traded at $4.64. 661,708 shares traded hands during trading, a decline of 63% from the average session volume of 1,777,972 shares. The stock had previously closed at $4.24.

Chimera Investment Stock Up 11.3 %

The company has a market capitalization of $1.14 billion, a PE ratio of 20.17 and a beta of 1.68. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 3.00. The firm has a 50 day simple moving average of $4.33 and a two-hundred day simple moving average of $4.69.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 8th were given a $0.11 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.44 dividend on an annualized basis and a yield of 9.32%. Chimera Investment’s dividend payout ratio (DPR) is 191.30%.

Institutional Investors Weigh In On Chimera Investment

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Chimera Investment by 34.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,379 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 11,392 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Chimera Investment by 61.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,812 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 4,096 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Chimera Investment by 27.9% during 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 during the period. Nisa Investment Advisors LLC increased its holdings in shares of Chimera Investment by 43.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 141,031 shares of the real estate investment trust’s stock valued at $770,000 after purchasing an additional 42,472 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Chimera Investment by 39.1% in the third quarter. Principal Financial Group Inc. now owns 34,419 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 9,679 shares in the last quarter. Institutional investors and hedge funds own 48.44% of the company’s stock.

About Chimera Investment

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.