Chimera Investment Co. (NYSE:CIM) Director Gerard Creagh Purchases 12,500 Shares

Chimera Investment Co. (NYSE:CIM) Director Gerard Creagh acquired 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $13.31 per share, with a total value of $166,375.00. Following the completion of the transaction, the director now owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Chimera Investment Stock Down 0.5 %

Shares of NYSE CIM traded down $0.07 during midday trading on Thursday, hitting $13.34. 356,872 shares of the stock traded hands, compared to its average volume of 564,578. The company has a debt-to-equity ratio of 2.82, a quick ratio of 3.03 and a current ratio of 0.06. The business has a 50 day moving average price of $14.22 and a two-hundred day moving average price of $14.86. Chimera Investment Co. has a one year low of $11.28 and a one year high of $16.89. The company has a market cap of $1.08 billion, a PE ratio of 12.35 and a beta of 1.76.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, equities analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.10%. Chimera Investment’s dividend payout ratio (DPR) is currently 137.04%.

Hedge Funds Weigh In On Chimera Investment

Institutional investors have recently added to or reduced their stakes in the stock. Atria Investments Inc raised its holdings in shares of Chimera Investment by 32.8% in the 3rd quarter. Atria Investments Inc now owns 16,654 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 4,110 shares during the period. Simplify Asset Management Inc. bought a new stake in shares of Chimera Investment during the 3rd quarter valued at $158,000. Natixis Advisors LLC lifted its holdings in shares of Chimera Investment by 46.2% in the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock worth $1,361,000 after buying an additional 27,190 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Chimera Investment in the 3rd quarter valued at $65,000. Finally, Intech Investment Management LLC bought a new stake in Chimera Investment during the third quarter valued at $320,000. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

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.