CHIMERA INVT CO/SH NEW (CIM) Shares Sold by First Trust Advisors LP

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First Trust Advisors LP lessened its holdings in shares of CHIMERA INVT CO/SH NEW (NYSE:CIM) by 0.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,260,068 shares of the real estate investment trust’s stock after selling 9,581 shares during the quarter. First Trust Advisors LP owned 0.67% of CHIMERA INVT CO/SH NEW worth $22,845,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CIM. Advisors Asset Management Inc. increased its position in CHIMERA INVT CO/SH NEW by 320.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,283,183 shares of the real estate investment trust’s stock worth $3,178,000 after purchasing an additional 1,739,971 shares in the last quarter. Millennium Management LLC acquired a new stake in CHIMERA INVT CO/SH NEW during the 2nd quarter worth approximately $20,923,000. Northern Trust Corp increased its position in CHIMERA INVT CO/SH NEW by 35.1% during the 2nd quarter. Northern Trust Corp now owns 2,319,081 shares of the real estate investment trust’s stock worth $42,393,000 after purchasing an additional 602,018 shares in the last quarter. Renaissance Technologies LLC increased its position in CHIMERA INVT CO/SH NEW by 442.2% during the 2nd quarter. Renaissance Technologies LLC now owns 424,870 shares of the real estate investment trust’s stock worth $7,767,000 after purchasing an additional 346,510 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in CHIMERA INVT CO/SH NEW by 444.3% during the 2nd quarter. Voya Investment Management LLC now owns 320,724 shares of the real estate investment trust’s stock worth $5,863,000 after purchasing an additional 261,804 shares in the last quarter. 47.40% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CIM opened at $18.63 on Wednesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.02 and a quick ratio of 0.02. CHIMERA INVT CO/SH NEW has a 52-week low of $15.77 and a 52-week high of $19.35. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 7.75 and a beta of 0.48.

CHIMERA INVT CO/SH NEW (NYSE:CIM) last issued its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. CHIMERA INVT CO/SH NEW had a net margin of 50.69% and a return on equity of 12.52%. The company had revenue of $147.04 million during the quarter, compared to the consensus estimate of $141.90 million. During the same quarter last year, the company earned $0.69 earnings per share. On average, analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.74%. The ex-dividend date of this dividend is Friday, December 28th. CHIMERA INVT CO/SH NEW’s dividend payout ratio (DPR) is 85.47%.

A number of analysts recently issued reports on CIM shares. Deutsche Bank downgraded shares of 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. Zacks Investment Research downgraded shares of CHIMERA INVT CO/SH NEW from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Raymond James started coverage on shares of CHIMERA INVT CO/SH NEW in a research report on Thursday, October 11th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $19.30.

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About CHIMERA INVT CO/SH NEW

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.

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Institutional Ownership by Quarter for CHIMERA INVT CO/SH NEW (NYSE:CIM)

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