Chimera Investment (NYSE:CIM) Shares Gap Down to $13.17

Chimera Investment Co. (NYSE:CIM) shares gapped down before the market opened on Wednesday . The stock had previously closed at $13.17, but opened at $12.75. Chimera Investment shares last traded at $13.09, with a volume of 63,866 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Chimera Investment from a “buy” rating to a “hold” rating in a research note on Wednesday.

Chimera Investment Price Performance

The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 3.70. The business has a fifty day moving average of $13.52 and a 200 day moving average of $14.19. The firm has a market cap of $937.36 million, a P/E ratio of 7.61 and a beta of 1.68.

Chimera Investment Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th were paid a dividend of $0.33 per share. This is an increase from Chimera Investment’s previous quarterly dividend of $0.11. This represents a $1.32 annualized dividend and a dividend yield of 11.33%. The ex-dividend date of this dividend was Friday, April 5th. Chimera Investment’s payout ratio is currently 86.27%.

Institutional Investors Weigh In On Chimera Investment

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Chimera Investment by 2.0% in the first quarter. Vanguard Group Inc. now owns 23,107,649 shares of the real estate investment trust’s stock valued at $106,526,000 after purchasing an additional 459,838 shares during the period. Leeward Investments LLC MA raised its holdings in Chimera Investment by 1.0% in the 1st quarter. Leeward Investments LLC MA now owns 2,752,707 shares of the real estate investment trust’s stock valued at $12,690,000 after acquiring an additional 27,077 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Chimera Investment by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,478,859 shares of the real estate investment trust’s stock worth $12,370,000 after acquiring an additional 78,731 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Chimera Investment by 7.2% during the first quarter. Advisors Asset Management Inc. now owns 2,123,440 shares of the real estate investment trust’s stock worth $9,789,000 after purchasing an additional 142,621 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Chimera Investment by 16.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,652,360 shares of the real estate investment trust’s stock valued at $8,245,000 after purchasing an additional 229,925 shares during the period. Institutional investors and hedge funds own 48.44% of the company’s stock.

Chimera Investment Company 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, 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.