Victory Capital Management Inc. grew its stake in shares of Chimera Investment Co. (NYSE:CIM – Free Report) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306,922 shares of the real estate investment trust’s stock after purchasing an additional 53,039 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Chimera Investment worth $1,676,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates grew its position in Chimera Investment by 28.6% during the first quarter. Raymond James & Associates now owns 54,112 shares of the real estate investment trust’s stock worth $652,000 after buying an additional 12,039 shares during the period. American Century Companies Inc. acquired a new stake in shares of Chimera Investment in the 1st quarter worth approximately $132,000. Cambridge Investment Research Advisors Inc. increased its stake in Chimera Investment by 15.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 106,266 shares of the real estate investment trust’s stock valued at $1,279,000 after purchasing an additional 14,201 shares in the last quarter. HighTower Advisors LLC boosted its position in Chimera Investment by 28.3% during the first quarter. HighTower Advisors LLC now owns 13,551 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,991 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Chimera Investment by 31.2% during the first quarter. PNC Financial Services Group Inc. now owns 13,203 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 3,139 shares in the last quarter. 48.19% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, UBS Group assumed coverage on Chimera Investment in a research note on Wednesday, December 6th. They set a “neutral” rating and a $5.50 price target for the company.
Chimera Investment Stock Performance
Chimera Investment stock opened at $4.67 on Friday. Chimera Investment Co. has a fifty-two week low of $4.45 and a fifty-two week high of $7.12. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.98 and a beta of 1.71. The stock has a fifty day moving average of $4.99 and a two-hundred day moving average of $5.29. The company has a debt-to-equity ratio of 4.12, a quick ratio of 3.62 and a current ratio of 3.62.
About Chimera Investment
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, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.
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