According to the company’s most recent filing with the SEC, Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Chimera Investment Co. (NYSE:CIM – Get Rating) by 60.9% in Q1. The institutional investor sold 1,204,482 shares during the period and acquired 773,021 shares of real estate investment trust. Mirae Asset Global Investments Co. Ltd. owned 0.33% of Chimera Investment, worth $9,307,000 at the end of the most recent reporting period.
Other major investors have also recently increased or decreased their stake in the company. The New York State Joint Pension Fund increased shares of Chimera Investment by 26.7% in the fourth quarter. The New York State Joint Pension Fund owns 210,150 shares worth $3,169,000 of the real estate investment trust, after purchasing an additional 44,253 shares last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Chimera Investment by 10.5% in Q4. Cambridge Investment Research Advisors Inc. owns 92,065 shares worth $1,388,000 of the real estate investment trust, after purchasing an additional 8,717 shares in the last quarter. Envestnet Portföy Yönetimi A.Ş. increased its shares in Chimera Investment by 13.0% in the fourth quarter. After purchasing an additional 26,817 shares during the period, Envestnet Portföy Yönetimi A.Ş. owns 232,959 shares of the real estate investment trust worth $3,513,000. SG Americas Securities LLC increased its position in shares of Chimera Investment by 14.9% in the fourth quarter. SG Americas Securities LLC owns 105,572 shares of the real estate investment trust worth $1,592,000, after purchasing an additional 13,691 shares last quarter. Finally, Northern Trust Corp increased its stake in Chimera Investment by 16.5% in the fourth quarter. Northern Trust Corp now owns 2,915,077 shares of the $43,959,000 real estate investment trust after purchasing an additional 411,867 shares during the period. 53.05% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equity research analysts have published reports on CIM shares. Credit Suisse Group lowered its target price for shares of Chimera Investment to $9.50 in a research report released Friday, July 22. Barclays lowered its price target at Chimera Investment from $11.00 to $9.00 and marked a “weak” rating for the company in a report released Monday, July 18.
Chimera Investment Trading Dropped 2.5%
CIM shares opened at $9.21 on Friday. The company’s quick ratio is 4.60, current ratio is 4.60 and debt/equity ratio is 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 200-day moving average price is $10.57.
Chimera Investment (NYSE:CIM – Get Rating) most recently announced quarterly earnings results on Thursday, Aug. The real estate investment trust reported earnings per share for the quarter of $0.31 and missed analysts’ consensus estimates of $0.37 ($0.06). The business generated 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 quarterly revenue fell 32.1% from the same quarter last year. In the same quarter of the previous year, the business earned EPS of 0.54. As a group, stock research analysts estimate Chimera Investment Co. will post EPS of 1.32 for the current year.
About Chimera Investment
Chimera Investment Corporation operates in the United States as a real estate investment trust (REIT). Through its subsidiaries, the company 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 residential pools, commercial mortgage loans and other real estate. related securities.
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