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.
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.
ILLEGAL ACTIVITY NOTICE: “Meeder Asset Management Inc. Sells 8,198 Shares of CHIMERA INVT CO/SH NEW (CIM)” was published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/meeder-asset-management-inc-sells-8198-shares-of-chimera-invt-co-sh-new-cim.html.
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.
Recommended Story: Stop Order
Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CHIMERA INVT CO/SH NEW (NYSE:CIM).
Receive News & Ratings for CHIMERA INVT CO/SH NEW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CHIMERA INVT CO/SH NEW and related companies with MarketBeat.com's FREE daily email newsletter.