Chimera Investment Co. (NYSE:CIM) Shares Bought by State of New Jersey Common Pension Fund D

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State of New Jersey Common Pension Fund D raised its stake in Chimera Investment Co. (NYSE:CIMGet Rating) by 19.8% during the first quarter, Holdings Channel.com reports. The firm owned 204,796 shares of the real estate investment trust’s stock after purchasing an additional 33,851 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Chimera Investment were worth $2,466,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Chimera Investment by 1.0% in the fourth quarter. State Street Corp now owns 5,048,647 shares of the real estate investment trust’s stock valued at $77,779,000 after purchasing an additional 51,772 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chimera Investment by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,980,833 shares of the real estate investment trust’s stock valued at $60,030,000 after buying an additional 36,953 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Chimera Investment by 16.5% in the 4th quarter. Northern Trust Corp now owns 2,915,077 shares of the real estate investment trust’s stock valued at $43,959,000 after buying an additional 411,867 shares in the last quarter. Deer Park Road Corp grew its position in shares of Chimera Investment by 25.6% in the 4th quarter. Deer Park Road Corp now owns 2,131,860 shares of the real estate investment trust’s stock valued at $32,148,000 after buying an additional 435,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Chimera Investment by 93.8% in the 4th quarter. JPMorgan Chase & Co. now owns 909,480 shares of the real estate investment trust’s stock valued at $13,714,000 after buying an additional 440,171 shares during the last quarter. Institutional investors and hedge funds own 53.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Chimera Investment from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, July 18th. Credit Suisse Group dropped their target price on shares of Chimera Investment to $9.50 in a research report on Friday, July 22nd.

Chimera Investment Trading Up 0.6 %

NYSE CIM opened at $10.53 on Tuesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 14.83 and a beta of 1.05. The firm’s fifty day moving average price is $9.29 and its 200 day moving average price is $11.00. The company has a debt-to-equity ratio of 3.45, a current ratio of 6.05 and a quick ratio of 6.05. Chimera Investment Co. has a 12 month low of $7.72 and a 12 month high of $16.85.

Chimera Investment (NYSE:CIMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $141.03 million. Chimera Investment had a net margin of 27.85% and a return on equity of 14.02%. Chimera Investment’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. On average, sell-side analysts expect that Chimera Investment Co. will post 1.46 earnings per share for the current fiscal year.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, June 30th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 12.54%. The ex-dividend date was Wednesday, June 29th. Chimera Investment’s dividend payout ratio is currently 185.92%.

Chimera Investment Profile

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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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

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