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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIM. VSM Wealth Advisory LLC boosted its stake in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 936 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Chimera Investment by 864.7% during the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,862 shares during the period. IFP Advisors Inc lifted its stake in shares of Chimera Investment by 1,211.4% during the fourth quarter. IFP Advisors Inc now owns 6,216 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 5,742 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Chimera Investment by 92.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 3,423 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Chimera Investment during the fourth quarter worth approximately $105,000. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CIM. Wall Street Zen raised shares of Chimera Investment from a “sell” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price target on shares of Chimera Investment in a research note on Wednesday, June 3rd. Finally, Weiss Ratings cut Chimera Investment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.83.

Chimera Investment Price Performance

CIM opened at $13.69 on Tuesday. Chimera Investment Corporation has a 1 year low of $11.67 and a 1 year high of $14.88. The company’s 50 day simple moving average is $13.41 and its 200 day simple moving average is $13.16. The stock has a market capitalization of $1.14 billion, a PE ratio of -17.11 and a beta of 1.68. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.08 and a current ratio of 0.08.

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

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Tuesday, June 30th. Chimera Investment’s dividend payout ratio is presently -225.00%.

Chimera Investment Company Profile

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.