Texas Teachers’ Retirement System Strengthens Position in Chimera Investment Co. (NYSE:CIM)

Teacher Retirement System of Texas increased its stake in Chimera Investment Co. (NYSE:CIM – Get Rating) by 6.8% in the first quarter, reports Holdings Channel.com. The company held 48,829 shares of the real estate investment trust after acquiring 3,109 additional shares during the quarter. The Teacher Retirement System of Texas holdings in Chimera Investment were worth $588,000 at the end of last quarter.

A number of other institutional investors have also been buying and selling stocks recently. State Street Corp increased its holdings in Chimera Investment by 1.0% in the fourth quarter. State Street Corp now owns 5,048,647 shares of the real estate investment trust valued at $77,779,000 after purchasing an additional 51,772 shares during the period. Geode Capital Management LLC increased its stake in Chimera Investment by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,980,833 shares of the real estate investment trust worth $60,030,000 after purchasing an additional 36,953 shares during the period. Northern Trust Corp increased its stake in Chimera Investment by 16.5% during the fourth quarter. Northern Trust Corp now owns 2,915,077 shares of the real estate investment trust worth $43,959,000 after purchasing an additional 411,867 shares during the period. Leeward Investments LLC MA acquired a new stake in Chimera Investment during the first quarter valued at approximately $32,955,000. Finally, Deer Park Road Corp increased its stake in Chimera Investment by 25.6% during the fourth quarter. Deer Park Road Corp now owns 2,131,860 shares of the real estate investment trust worth $32,148,000 after purchasing an additional 435,000 shares during the period. 53.05% of the shares are currently held by hedge funds and other institutional investors.

Changes to analyst ratings

CIM has been the subject of several research reports. Barclays lowered its price target on Chimera Investment shares from $11.00 to $9.00 and set an “underweight” rating for the company in a Monday July 18 research note. Credit Suisse Group lowered its price target on shares of Chimera Investment to $9.50 in a Friday, July 22 research note.

Chimera Investment is trading down 2.5%

NYSE CIM opened at $9.21 on Monday. The company’s fifty-day simple moving average is $9.21 and its 200-day simple moving average is $10.54. Chimera Investment Co. has a 52-week low of $7.72 and a 52-week high of $16.85. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt ratio of 3.67. The stock has a market capitalization of $2.13 billion, a P/E ratio of -14.17 and a beta of 1.05.

Chimera Investment (NYSE:CIM – Get Rating) last released its results on Thursday August 4th. The real estate investment trust reported EPS of $0.31 for the quarter, missing analyst consensus estimates of $0.37 per ($0.06). Chimera Investment recorded a positive return on equity of 13.07% and a negative net margin of 8.93%. The company posted revenue of $116.89 million for the quarter, versus analyst estimates of $131.19 million. During the same period a year earlier, the company posted earnings per share of $0.54. The company’s revenue for the quarter was down 32.1% year over year. Equity research analysts expect Chimera Investment Co. to post EPS of 1.32 for the current fiscal year.

About Chimera Investment

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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 and non-agency residential mortgage-backed securities, mortgage-backed securities agencies secured by pools of residential and commercial mortgages and other real estate. related titles.

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Want to see which other hedge funds hold CIM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Chimera Investment Co. (NYSE: CIM – Get Rating).

Institutional ownership by quarter for Chimera Investment (NYSE:CIM)

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