Putnam Investments LLC cut its stake in shares of CHIMERA Invt Co/SH NEW (NYSE:CIM) by 61.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,836 shares of the real estate investment trust’s stock after selling 174,608 shares during the quarter. Putnam Investments LLC owned approximately 0.06% of CHIMERA Invt Co/SH NEW worth $1,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversified Trust Co bought a new position in CHIMERA Invt Co/SH NEW during the second quarter worth $202,000. Private Advisor Group LLC acquired a new position in CHIMERA Invt Co/SH NEW during the second quarter worth $206,000. SG Americas Securities LLC acquired a new position in CHIMERA Invt Co/SH NEW during the first quarter worth $211,000. Chicago Capital LLC acquired a new position in CHIMERA Invt Co/SH NEW during the second quarter worth $231,000. Finally, Hartford Investment Management Co. acquired a new position in CHIMERA Invt Co/SH NEW during the second quarter worth $267,000. 47.39% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Deutsche Bank downgraded shares of CHIMERA Invt Co/SH NEW from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a 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 report on Monday, September 10th. Finally, Royal Bank of Canada assumed coverage on shares of CHIMERA Invt Co/SH NEW in a report on Friday, June 15th. They set an “outperform” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.00.

CIM opened at $18.54 on Thursday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.02 and a current ratio of 0.02. CHIMERA Invt Co/SH NEW has a 1-year low of $15.77 and a 1-year high of $19.35. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 7.92 and a beta of 0.56.

CHIMERA Invt Co/SH NEW (NYSE:CIM) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. CHIMERA Invt Co/SH NEW had a net margin of 50.23% and a return on equity of 12.60%. The firm had revenue of $145.17 million for the quarter, compared to the consensus estimate of $146.90 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. equities research analysts anticipate that CHIMERA Invt Co/SH NEW will post 2.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 10.79%. CHIMERA Invt Co/SH NEW’s dividend payout ratio is currently 85.47%.

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.

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

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