Summit Securities Group LLC Purchases Shares of 7,900 Chimera Investment Co. (NYSE:CIM)

Summit Securities Group LLC acquired a new position in Chimera Investment Co. (NYSE:CIM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,900 shares of the real estate investment trust’s stock, valued at approximately $111,000.

A number of other large investors also recently modified their holdings of CIM. State Street Corp raised its position in Chimera Investment by 0.4% in the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust’s stock valued at $31,010,000 after buying an additional 7,595 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock valued at $29,439,000 after purchasing an additional 32,835 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Chimera Investment by 18.9% during the fourth quarter. Van ECK Associates Corp now owns 767,568 shares of the real estate investment trust’s stock worth $10,746,000 after purchasing an additional 122,088 shares during the last quarter. Bank of New York Mellon Corp grew its position in Chimera Investment by 15.6% in the 4th quarter. Bank of New York Mellon Corp now owns 365,603 shares of the real estate investment trust’s stock worth $5,118,000 after purchasing an additional 49,388 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Chimera Investment by 84.7% in the 4th quarter. JPMorgan Chase & Co. now owns 309,935 shares of the real estate investment trust’s stock valued at $4,339,000 after buying an additional 142,105 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CIM shares. Royal Bank of Canada raised Chimera Investment to a “moderate buy” rating in a report on Friday, March 14th. StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a report on Thursday, January 23rd.

Insider Transactions at Chimera Investment

In other Chimera Investment news, Director Gerard Creagh acquired 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $13.31 per share, with a total value of $166,375.00. Following the acquisition, the director now owns 138,127 shares in the company, valued at approximately $1,838,470.37. This represents a 9.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Chimera Investment Trading Down 1.5 %

NYSE:CIM opened at $13.09 on Friday. Chimera Investment Co. has a 12 month low of $11.29 and a 12 month high of $16.89. The company has a current ratio of 0.06, a quick ratio of 3.03 and a debt-to-equity ratio of 2.82. The firm’s 50 day moving average is $14.07 and its 200 day moving average is $14.69. The stock has a market capitalization of $1.06 billion, a PE ratio of 12.12 and a beta of 1.76.

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

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.31%. Chimera Investment’s dividend payout ratio is presently 137.04%.

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, 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.