Leeward Investments LLC MA Has $7.62 Million Stock Position in Chimera Investment Co. (NYSE:CIM)

Leeward Investments LLC MA lowered its holdings in Chimera Investment Co. (NYSE:CIM) by 36.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 544,120 shares of the real estate investment trust’s stock after selling 315,835 shares during the period. Leeward Investments LLC MA’s holdings in Chimera Investment were worth $7,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIM. Prospera Private Wealth LLC acquired a new stake in Chimera Investment during the third quarter worth about $65,000. Simplify Asset Management Inc. acquired a new stake in Chimera Investment during the third quarter worth about $158,000. Investment Partners Asset Management Inc. acquired a new position in shares of Chimera Investment in the fourth quarter valued at $183,000. Virtu Financial LLC acquired a new position in shares of Chimera Investment in the third quarter valued at $186,000. Finally, BostonPremier Wealth LLC acquired a new position in shares of Chimera Investment in the fourth quarter valued at $204,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Trading Down 0.6 %

Shares of CIM opened at $13.76 on Monday. Chimera Investment Co. has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The stock has a 50 day simple moving average of $14.34 and a 200-day simple moving average of $14.94. The stock has a market cap of $1.11 billion, a PE ratio of 12.73 and a beta of 1.71.

Chimera Investment (NYSE:CIM) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, sell-side analysts predict that Chimera Investment Co. will post 1.57 EPS for the current fiscal year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 10.76%. Chimera Investment’s dividend payout ratio is presently 137.02%.

Analysts Set New Price Targets

CIM has been the subject of a number of recent research reports. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. JMP Securities reiterated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Insider Activity

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of Chimera Investment stock in a transaction on Friday, December 6th. The shares were bought at an average price of $14.70 per share, with a total value of $735,000.00. Following the completion of the purchase, the executive now owns 50,000 shares in the company, valued at $735,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Chimera Investment 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.