Mitsubishi UFJ Trust & Banking Corp Has $390,000 Position in Chimera Investment Co. (NYSE:CIM)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Chimera Investment Co. (NYSE:CIMGet Rating) by 35.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,163 shares of the real estate investment trust’s stock after selling 24,720 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chimera Investment were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp bought a new position in Chimera Investment during the 1st quarter worth $36,000. Worth Asset Management LLC bought a new position in Chimera Investment during the 1st quarter worth $30,000. Venture Visionary Partners LLC bought a new position in Chimera Investment during the 2nd quarter worth $29,000. Truvestments Capital LLC bought a new position in Chimera Investment during the 2nd quarter worth $40,000. Finally, Autumn Glory Partners LLC bought a new position in Chimera Investment during the 2nd quarter worth $92,000. 51.10% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Trading Up 1.2 %

NYSE CIM opened at $6.54 on Wednesday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 3.87. Chimera Investment Co. has a twelve month low of $4.91 and a twelve month high of $16.81. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -2.31 and a beta of 1.35. The business’s fifty day moving average is $6.28 and its 200 day moving average is $8.17.

Chimera Investment (NYSE:CIMGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Chimera Investment had a positive return on equity of 13.06% and a negative net margin of 73.42%. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts expect that Chimera Investment Co. will post 1.2 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, December 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 14.07%. The ex-dividend date is Thursday, December 29th. Chimera Investment’s dividend payout ratio (DPR) is -32.51%.

Analyst Upgrades and Downgrades

CIM has been the topic of a number of recent research reports. Credit Suisse Group lowered their price objective on Chimera Investment to $7.50 in a research note on Thursday, October 13th. Royal Bank of Canada decreased their price target on Chimera Investment from $11.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th. StockNews.com assumed coverage on Chimera Investment in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, TheStreet lowered Chimera Investment from a “c-” rating to a “d+” rating in a research note on Monday, October 10th.

Chimera Investment Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding CIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chimera Investment Co. (NYSE:CIMGet Rating).

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

Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.com's FREE daily email newsletter.