Chimera Investment (NYSE:CIM) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Chimera Investment (NYSE:CIM) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Chimera Investment Trading Up 0.4 %

Shares of NYSE:CIM opened at $11.70 on Wednesday. Chimera Investment has a 52-week low of $11.42 and a 52-week high of $19.47. The company has a debt-to-equity ratio of 3.70, a quick ratio of 5.46 and a current ratio of 5.46. The company has a market cap of $941.38 million, a P/E ratio of 7.65 and a beta of 1.68. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $14.16.

Chimera Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 5th. This is a positive change from Chimera Investment’s previous quarterly dividend of $0.11. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.28%. Chimera Investment’s payout ratio is 86.27%.

Institutional Investors Weigh In On Chimera Investment

Several hedge funds and other institutional investors have recently modified their holdings of CIM. Rhumbline Advisers boosted its holdings in Chimera Investment by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 385,856 shares of the real estate investment trust’s stock valued at $2,107,000 after purchasing an additional 2,422 shares during the period. Strategic Advisors LLC lifted its stake in shares of Chimera Investment by 14.2% in the first quarter. Strategic Advisors LLC now owns 20,155 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 2,500 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Chimera Investment by 1.2% in the third quarter. Natixis Advisors L.P. now owns 226,787 shares of the real estate investment trust’s stock valued at $1,238,000 after buying an additional 2,708 shares during the period. Private Advisor Group LLC grew its position in Chimera Investment by 23.0% during the fourth quarter. Private Advisor Group LLC now owns 16,421 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 3,066 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Chimera Investment by 8.5% during the first quarter. ProShare Advisors LLC now owns 40,895 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 3,218 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Company Profile

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.