143,158 Shares in Chimera Investment Co. (NYSE:CIM) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in Chimera Investment Co. (NYSE:CIM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 143,158 shares of the real estate investment trust’s stock, valued at approximately $2,004,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Chimera Investment by 0.4% in the third quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after purchasing an additional 7,595 shares in the last quarter. Geode Capital Management LLC boosted its position in Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock valued at $29,439,000 after purchasing an additional 32,835 shares during the last quarter. Van ECK Associates Corp grew its stake in Chimera Investment by 18.9% in the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock valued at $10,746,000 after purchasing an additional 122,088 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Chimera Investment by 15.6% during the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock worth $5,118,000 after purchasing an additional 49,388 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Chimera Investment by 28.8% during the 4th quarter. Wolverine Asset Management LLC now owns 190,895 shares of the real estate investment trust’s stock worth $2,673,000 after purchasing an additional 42,741 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CIM shares. Royal Bank of Canada raised shares of Chimera Investment to a “moderate buy” rating in a research note on Friday, March 14th. StockNews.com lowered shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Insider Activity

In other news, Director Gerard Creagh bought 12,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Stock Up 0.7 %

CIM opened at $13.31 on Friday. Chimera Investment Co. has a 1-year low of $11.29 and a 1-year high of $16.89. The stock has a market cap of $1.08 billion, a PE ratio of 12.32 and a beta of 1.76. The stock’s fifty day simple moving average is $14.10 and its 200 day simple moving average is $14.71. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a net margin of 20.28% and a return on equity of 7.00%. As a group, research analysts expect that Chimera Investment Co. will post 1.57 earnings per share for the current year.

Chimera Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.12%. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

Chimera Investment Company Profile

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