Mitsubishi UFJ Trust & Banking Corp Sells 1,703 Shares of Chimera Investment Co. (NYSE:CIM)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Chimera Investment Co. (NYSE:CIM) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,154 shares of the real estate investment trust’s stock after selling 1,703 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Chimera Investment worth $632,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Chimera Investment during the 4th quarter worth approximately $65,000. Investment Partners Asset Management Inc. bought a new stake in Chimera Investment during the fourth quarter worth $183,000. Virtu Financial LLC bought a new position in shares of Chimera Investment in the 3rd quarter valued at $186,000. BostonPremier Wealth LLC acquired a new position in shares of Chimera Investment during the 4th quarter worth $204,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Chimera Investment during the 4th quarter worth $249,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

Chimera Investment Stock Performance

Shares of CIM stock opened at $12.74 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.80 and a beta of 1.76. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The business’s 50-day moving average price is $14.01 and its 200-day moving average price is $14.65. Chimera Investment Co. has a 12 month low of $11.29 and a 12 month high of $16.89.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share 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%. Equities research analysts forecast that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.61%. The ex-dividend date is Monday, March 31st. Chimera Investment’s dividend payout ratio is currently 137.04%.

Insiders Place Their Bets

In related news, Director Gerard Creagh acquired 12,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the transaction, the director now directly owns 138,127 shares of the company’s stock, valued at $1,838,470.37. The trade was a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CIM. Royal Bank of Canada upgraded Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.