Chimera Investment (NYSE:CIM) Reaches New 1-Year Low – Here’s Why

Chimera Investment Co. (NYSE:CIM) hit a new 52-week low during trading on Monday . The company traded as low as $10.78 and last traded at $10.99, with a volume of 178101 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada upgraded shares of Chimera Investment to a “moderate buy” rating in a research report on Friday, March 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research note on Thursday, January 23rd.

Chimera Investment Trading Down 4.9 %

The company has a fifty day moving average price of $13.89 and a 200-day moving average price of $14.57. The firm has a market capitalization of $903.26 million, a price-to-earnings ratio of 10.41 and a beta of 1.47. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82.

Chimera Investment (NYSE:CIM) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.00% and a net margin of 20.28%. On average, equities research analysts predict that Chimera Investment Co. will post 1.57 EPS for the current year.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.26%. Chimera Investment’s dividend payout ratio (DPR) is presently 137.04%.

Insider Activity at Chimera Investment

In related news, Director Gerard Creagh purchased 12,500 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $13.31 per share, for a total transaction of $166,375.00. Following the completion of the acquisition, the director now directly owns 138,127 shares in the company, valued at approximately $1,838,470.37. This trade represents a 9.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Institutional Trading of Chimera Investment

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its holdings in Chimera Investment by 1,691.7% in the 4th quarter. Quarry LP now owns 3,243 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,062 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Chimera Investment in the fourth quarter worth about $56,000. Hillsdale Investment Management Inc. acquired a new position in shares of Chimera Investment during the 4th quarter worth about $65,000. Summit Securities Group LLC bought a new stake in Chimera Investment during the 4th quarter valued at approximately $111,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Chimera Investment in the 4th quarter valued at approximately $170,000. 48.44% of the stock is currently owned by institutional investors and hedge funds.

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.