Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Chimera Investment Co. (NYSE:CIM)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Chimera Investment Co. (NYSE:CIMGet Rating) by 60.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.33% of Chimera Investment worth $9,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CIM. Leeward Investments LLC MA purchased a new stake in Chimera Investment during the first quarter valued at about $32,955,000. Goldman Sachs Group Inc. lifted its stake in shares of Chimera Investment by 113.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,668,559 shares of the real estate investment trust’s stock worth $20,090,000 after purchasing an additional 885,442 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Chimera Investment by 134.8% during the first quarter. Renaissance Technologies LLC now owns 810,322 shares of the real estate investment trust’s stock worth $9,756,000 after purchasing an additional 465,162 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Chimera Investment by 93.8% during the fourth quarter. JPMorgan Chase & Co. now owns 909,480 shares of the real estate investment trust’s stock worth $13,714,000 after purchasing an additional 440,171 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Chimera Investment by 102.0% during the first quarter. Allianz Asset Management GmbH now owns 870,261 shares of the real estate investment trust’s stock worth $10,478,000 after purchasing an additional 439,340 shares in the last quarter. Hedge funds and other institutional investors own 51.10% of the company’s stock.

Analysts Set New Price Targets

CIM has been the topic of several recent analyst reports. Barclays cut their price target on Chimera Investment from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, July 18th. Credit Suisse Group cut their price target on Chimera Investment to $9.50 in a research note on Friday, July 22nd.

Chimera Investment Trading Down 2.2 %

Shares of NYSE CIM opened at $7.65 on Wednesday. The stock’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $9.87. Chimera Investment Co. has a 52-week low of $7.57 and a 52-week high of $16.85. The stock has a market capitalization of $1.77 billion, a P/E ratio of -11.77 and a beta of 1.10. 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 (NYSE:CIMGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). The firm had revenue of $116.89 million for the quarter, compared to analyst estimates of $131.19 million. Chimera Investment had a negative net margin of 8.93% and a positive return on equity of 13.07%. The company’s quarterly revenue was down 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, analysts anticipate that Chimera Investment Co. will post 1.32 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Chimera Investment (NYSE:CIM)

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