Mirae Asset Global Investments Co. Ltd held Chimera Investment Co. in the first quarter. (NYSE:CIM – Get Rating ) decreased its position in shares by 60.9%, according to the company in its most recent filing with the SEC. The institutional investor owned 773,021 shares of the real estate investment trust’s stock after selling 1,204,482 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.33% of Chimera Investments worth $9,307,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in shares of Chimera Investments by 26.7% in the fourth quarter. New York State Common Retirement Fund now owns 210,150 shares of the real estate investment trust’s stock valued at $3,169,000 after buying an additional 44,253 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Chimera Investment by 10.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 92,065 shares of the real estate investment trust’s stock valued at $1,388,000 after acquiring an additional 8,717 shares in the last quarter. Investnet Asset Management Inc. boosted its holdings in shares of Chimera Investments by 13.0% in the 4th quarter. Envestnet Asset Management Inc. after purchasing an additional 26,817 shares during the period. now owns 232,959 shares of the real estate investment trust worth $3,513,000. SG Americas Securities LLC lifted its position in shares of Chimera Investment by 14.9% during the 4th quarter. SG Americas Securities LLC now owns 105,572 shares of the real estate investment trust’s stock worth $1,592,000 after buying an additional 13,691 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Chimera Investments by 16.5% during the fourth quarter. Northern Trust Corp now owns 2,915,077 shares of the real estate investment trust’s stock worth $43,959,000 after purchasing an additional 411,867 shares during the period. 53.05% of the stock is owned by institutional investors and hedge funds.
Analyzer upgrades and downgrades
Several equities research analysts have issued reports on CIM shares. Credit Suisse Group decreased their target price on shares of Chimera Investments to $9.50 in a research report on Friday, July 22nd. Barclays decreased their price objective on Chimera Investment from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, July 18th.
Chimera Investments traded down 2.5%
Shares of CIM stock opened at $9.21 on Friday. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 3.67. Chimera Investment Co. has a twelve month low of $7.72 and a twelve month high of $16.85. The firm’s 50 day moving average price is $9.21 and its 200 day moving average price is $10.57.
Chimera Investment (NYSE:CIM – Get Rating ) last issued its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $116.89 million for the quarter, compared to the consensus estimate of $131.19 million. Chimera Investment had a negative net margin of 8.93% and a positive return on equity of 13.07%. The firm’s revenue for the quarter was down 32.1 percent compared to the same quarter last year. In the same quarter in the previous year, the business posted $0.54 EPS. As a group, equities research analysts forecast that Chimera Investment Co. will post 1.32 EPS for the current year.
About Chimera Investments
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, residential, commercial mortgage loans, and agency mortgage-backed securities secured by pools of other real estate. RELATED SECURITIES.
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