Sei Investments Co. reduced its stake in shares of CHIMERA Invt Co/SH NEW (NYSE:CIM) by 53.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,502 shares of the real estate investment trust’s stock after selling 16,850 shares during the quarter. Sei Investments Co.’s holdings in CHIMERA Invt Co/SH NEW were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of CHIMERA Invt Co/SH NEW by 6.7% during the first quarter. Northern Trust Corp now owns 1,717,063 shares of the real estate investment trust’s stock valued at $29,895,000 after buying an additional 107,634 shares during the period. Federated Investors Inc. PA boosted its position in shares of CHIMERA Invt Co/SH NEW by 5.6% during the first quarter. Federated Investors Inc. PA now owns 1,682,137 shares of the real estate investment trust’s stock valued at $29,286,000 after buying an additional 89,481 shares during the period. Wells Fargo & Company MN boosted its position in shares of CHIMERA Invt Co/SH NEW by 19.2% during the first quarter. Wells Fargo & Company MN now owns 1,300,895 shares of the real estate investment trust’s stock valued at $22,648,000 after buying an additional 209,573 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of CHIMERA Invt Co/SH NEW by 1.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,261,822 shares of the real estate investment trust’s stock valued at $21,969,000 after buying an additional 21,469 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of CHIMERA Invt Co/SH NEW by 4.6% during the first quarter. Prudential Financial Inc. now owns 1,029,713 shares of the real estate investment trust’s stock valued at $17,928,000 after buying an additional 45,680 shares during the period. 47.40% of the stock is currently owned by institutional investors.

Shares of NYSE:CIM opened at $18.86 on Tuesday. CHIMERA Invt Co/SH NEW has a 1 year low of $15.77 and a 1 year high of $19.77. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.78 and a beta of 0.56. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.61.

CHIMERA Invt Co/SH NEW (NYSE:CIM) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The business had revenue of $145.17 million during the quarter, compared to analyst estimates of $146.90 million. CHIMERA Invt Co/SH NEW had a return on equity of 12.60% and a net margin of 50.23%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. analysts anticipate that CHIMERA Invt Co/SH NEW will post 2.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.60%. CHIMERA Invt Co/SH NEW’s payout ratio is 85.47%.

Several research analysts have issued reports on CIM shares. Royal Bank of Canada started coverage on CHIMERA Invt Co/SH NEW in a research report on Friday, June 15th. They set an “outperform” rating and a $20.00 target price for the company. Zacks Investment Research lowered CHIMERA Invt Co/SH NEW from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd. Finally, Deutsche Bank lowered CHIMERA Invt Co/SH NEW from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.

CHIMERA Invt Co/SH NEW Company Profile

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for CHIMERA Invt Co/SH NEW (NYSE:CIM)

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