Chimera Investment Corp. (CIM) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Chimera Investment Corp. (NYSE:CIM) issued its quarterly earnings data on Monday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01, ARN reports.
On the ratings front, analysts at Credit Suisse reiterated a “neutral” rating on shares of Chimera Investment Corp. in a research note on Thursday, July 24th. They now have a $3.25 price target on the stock, up previously from $3.00.
Shares of Chimera Investment Corp. (NYSE:CIM) traded up 0.62% on Monday, hitting $3.24. 3,143,711 shares of the company’s stock traded hands. Chimera Investment Corp. has a 52 week low of $2.89 and a 52 week high of $3.34. The stock’s 50-day moving average is $3.18 and its 200-day moving average is $3.13. The company has a market cap of $3.329 billion and a price-to-earnings ratio of 8.70.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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