Meeder Asset Management Inc. Sells 8,198 Shares of CHIMERA INVT CO/SH NEW (CIM)

Meeder Asset Management Inc. lowered its position in CHIMERA INVT CO/SH NEW (NYSE:CIM) by 40.7% in the 1st quarter, Holdings Channel reports. The fund owned 11,963 shares of the real estate investment trust’s stock after selling 8,198 shares during the period. Meeder Asset Management Inc.’s holdings in CHIMERA INVT CO/SH NEW were worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CIM. Tower Research Capital LLC TRC purchased a new stake in CHIMERA INVT CO/SH NEW in the 3rd quarter worth about $126,000. Renaissance Technologies LLC increased its holdings in CHIMERA INVT CO/SH NEW by 45.0% in the 3rd quarter. Renaissance Technologies LLC now owns 616,060 shares of the real estate investment trust’s stock worth $11,169,000 after acquiring an additional 191,190 shares during the last quarter. LPL Financial LLC increased its holdings in CHIMERA INVT CO/SH NEW by 30.8% in the 3rd quarter. LPL Financial LLC now owns 78,019 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 18,392 shares during the last quarter. Deutsche Bank AG increased its holdings in CHIMERA INVT CO/SH NEW by 13.4% in the 3rd quarter. Deutsche Bank AG now owns 626,717 shares of the real estate investment trust’s stock worth $11,361,000 after acquiring an additional 74,047 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in CHIMERA INVT CO/SH NEW during the 3rd quarter valued at about $444,000. 49.35% of the stock is owned by institutional investors.

CIM stock opened at $18.99 on Wednesday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.33. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 8.12 and a beta of 0.57. CHIMERA INVT CO/SH NEW has a twelve month low of $16.88 and a twelve month high of $19.42.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last posted its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $154.12 million during the quarter, compared to analyst estimates of $146.80 million. CHIMERA INVT CO/SH NEW had a return on equity of 12.43% and a net margin of 32.33%. During the same quarter in the previous year, the firm earned $0.62 EPS. Sell-side analysts expect that CHIMERA INVT CO/SH NEW will post 2.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Thursday, March 28th. CHIMERA INVT CO/SH NEW’s payout ratio is presently 85.47%.

A number of research firms have weighed in on CIM. Zacks Investment Research raised CHIMERA INVT CO/SH NEW from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Friday, February 15th. Deutsche Bank lowered CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Nomura began coverage on CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They set a “buy” rating and a $20.00 target price for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. CHIMERA INVT CO/SH NEW has an average rating of “Hold” and a consensus target price of $19.88.

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CHIMERA INVT CO/SH NEW Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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