Chimera Investment (NYSE:CIM) Downgraded by StockNews.com to Hold

Chimera Investment (NYSE:CIM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Chimera Investment Stock Down 10.9 %

CIM stock opened at $11.65 on Wednesday. The stock’s 50 day moving average is $13.52 and its 200-day moving average is $14.19. Chimera Investment has a twelve month low of $11.63 and a twelve month high of $19.47. The firm has a market capitalization of $2.81 billion, a PE ratio of 22.84 and a beta of 1.68. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 3.70.

Institutional Investors Weigh In On Chimera Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIM. UBS Group AG increased its position in shares of Chimera Investment by 53.3% during the third quarter. UBS Group AG now owns 722,064 shares of the real estate investment trust’s stock valued at $3,942,000 after acquiring an additional 251,085 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Chimera Investment by 148.4% in the 4th quarter. Global Retirement Partners LLC now owns 51,477 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 30,757 shares during the last quarter. Wolverine Asset Management LLC grew its position in Chimera Investment by 261.9% during the fourth quarter. Wolverine Asset Management LLC now owns 1,141,057 shares of the real estate investment trust’s stock valued at $5,694,000 after buying an additional 825,743 shares during the period. Capital Investment Advisors LLC increased its holdings in Chimera Investment by 163.5% during the fourth quarter. Capital Investment Advisors LLC now owns 124,156 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 77,040 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Chimera Investment by 14.9% in the fourth quarter. SG Americas Securities LLC now owns 127,699 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 16,540 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.

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, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.