Public Employees Retirement System of Ohio raised its holdings in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,723 shares of the real estate investment trust’s stock after purchasing an additional 7,644 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CHIMERA INVT CO/SH NEW were worth $1,635,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CIM. Enlightenment Research LLC bought a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter worth $80,000. Capital Investment Advisory Services LLC bought a new position in shares of CHIMERA INVT CO/SH NEW in the fourth quarter worth $100,000. Tower Research Capital LLC TRC bought a new position in shares of CHIMERA INVT CO/SH NEW in the third quarter worth $126,000. Ffcm LLC increased its position in shares of CHIMERA INVT CO/SH NEW by 696.9% in the fourth quarter. Ffcm LLC now owns 8,351 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 7,303 shares during the period. Finally, HRT Financial LLC bought a new position in shares of CHIMERA INVT CO/SH NEW in the third quarter worth $189,000. 49.39% of the stock is owned by institutional investors and hedge funds.
CHIMERA INVT CO/SH NEW stock traded down $0.01 during midday trading on Friday, reaching $19.00. The company’s stock had a trading volume of 1,233,709 shares, compared to its average volume of 1,257,004. CHIMERA INVT CO/SH NEW has a 52 week low of $16.88 and a 52 week high of $19.42. 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 $3.56 billion, a PE ratio of 8.12 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Friday, June 28th will be given a $0.50 dividend. 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, June 27th. CHIMERA INVT CO/SH NEW’s dividend payout ratio is presently 85.47%.
A number of research analysts recently commented on the company. Nomura assumed coverage on CHIMERA INVT CO/SH NEW in a research report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 price target on the stock. Deutsche Bank cut CHIMERA INVT CO/SH NEW from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research upgraded CHIMERA INVT CO/SH NEW from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. CHIMERA INVT CO/SH NEW currently has a consensus rating of “Hold” and a consensus target price of $19.88.
CHIMERA INVT CO/SH NEW Company 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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