VIRGINIA RETIREMENT SYSTEMS ET Al Sells 87,600 Shares of Chimera Investment Corporation $CIM

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in shares of Chimera Investment Corporation (NYSE:CIM) by 52.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 78,303 shares of the real estate investment trust’s stock after selling 87,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Chimera Investment were worth $973,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VSM Wealth Advisory LLC increased its holdings in shares of Chimera Investment by 64.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,391 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 936 shares during the period. GAMMA Investing LLC increased its holdings in shares of Chimera Investment by 864.7% during the fourth quarter. GAMMA Investing LLC now owns 3,193 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 2,862 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Chimera Investment by 92.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 3,423 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,857 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Chimera Investment by 450.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 9,166 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 7,500 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Down 1.7%

NYSE CIM opened at $13.08 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -16.34 and a beta of 1.71. Chimera Investment Corporation has a 52 week low of $11.67 and a 52 week high of $14.88. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.06 and a current ratio of 0.08. The stock has a fifty day moving average of $13.25 and a 200-day moving average of $12.97.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $32.37 million for the quarter, compared to analyst estimates of $102.35 million. Chimera Investment had a return on equity of 9.36% and a net margin of 2.27%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CIM. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised Chimera Investment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Chimera Investment has an average rating of “Hold” and a consensus price target of $14.50.

Chimera Investment Company Profile

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust that specializes in investing in residential mortgage assets. The company’s portfolio primarily consists of agency and non-agency residential mortgage-backed securities, whole loan residential mortgages and other mortgage-related assets. As a REIT, Chimera Investment aims to generate attractive risk-adjusted returns through its focus on high-quality collateral and disciplined risk management.

The firm’s core business activities include identifying and acquiring portfolios of residential mortgage loans and securities from financial institutions and in the secondary market.