Advisors Asset Management Inc. Has $8.49 Million Stock Position in Chimera Investment Co. (NYSE:CIM)

Advisors Asset Management Inc. trimmed its position in Chimera Investment Co. (NYSE:CIM) by 19.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 536,078 shares of the real estate investment trust’s stock after selling 126,620 shares during the quarter. Advisors Asset Management Inc.’s holdings in Chimera Investment were worth $8,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP lifted its stake in shares of Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 2,032 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Chimera Investment during the third quarter worth $65,000. Simplify Asset Management Inc. bought a new position in Chimera Investment during the third quarter worth $158,000. Cetera Advisors LLC bought a new position in Chimera Investment during the first quarter worth $63,000. Finally, Moloney Securities Asset Management LLC increased its position in Chimera Investment by 14.1% during the third quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 1,719 shares during the period. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Trading Down 1.5 %

Shares of Chimera Investment stock opened at $14.53 on Thursday. The company’s fifty day moving average price is $15.48 and its two-hundred day moving average price is $14.58. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment Co. has a 52-week low of $11.28 and a 52-week high of $16.89. The firm has a market capitalization of $1.17 billion, a PE ratio of 4.40 and a beta of 1.73.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same period in the previous year, the company posted $0.39 EPS. On average, analysts expect that Chimera Investment Co. will post 1.5 EPS for the current year.

Chimera Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 10.19%. Chimera Investment’s dividend payout ratio is presently 44.85%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CIM shares. Keefe, Bruyette & Woods boosted their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

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.