Van ECK Associates Corp raised its position in shares of Chimera Investment Co. (NYSE:CIM – Free Report) by 4.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,371,464 shares of the real estate investment trust’s stock after purchasing an additional 53,950 shares during the period. Van ECK Associates Corp’s holdings in Chimera Investment were worth $7,488,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of CIM. Quarry LP purchased a new stake in shares of Chimera Investment during the 1st quarter worth approximately $25,000. WealthPLAN Partners LLC purchased a new stake in Chimera Investment during the 2nd quarter valued at $27,000. Worth Asset Management LLC purchased a new stake in Chimera Investment during the 1st quarter valued at $30,000. Allspring Global Investments Holdings LLC raised its holdings in Chimera Investment by 67.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,716 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,711 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Chimera Investment by 57.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,100 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 2,600 shares during the period. 48.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, UBS Group initiated coverage on Chimera Investment in a report on Wednesday, December 6th. They set a “neutral” rating and a $5.50 price target on the stock.
Chimera Investment Stock Performance
NYSE:CIM opened at $4.67 on Friday. The stock’s fifty day moving average is $4.99 and its 200 day moving average is $5.29. Chimera Investment Co. has a fifty-two week low of $4.45 and a fifty-two week high of $7.12. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.98 and a beta of 1.71. The company has a debt-to-equity ratio of 4.12, a quick ratio of 3.62 and a current ratio of 3.62.
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, 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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