Wall Street brokerages forecast that Chimera Investment Corporation (NYSE:CIM) will post earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Chimera Investment’s earnings. Chimera Investment reported earnings of $0.65 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The firm is expected to report its next earnings results on Tuesday, February 13th.

On average, analysts expect that Chimera Investment will report full-year earnings of $2.33 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $2.41 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Chimera Investment.

Chimera Investment (NYSE:CIM) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Chimera Investment had a return on equity of 13.29% and a net margin of 58.21%. The company had revenue of $156.46 million during the quarter, compared to analysts’ expectations of $150.29 million. During the same quarter in the prior year, the firm posted $0.68 EPS. Chimera Investment’s quarterly revenue was up .3% compared to the same quarter last year.

A number of research analysts recently commented on CIM shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 price objective on shares of Chimera Investment in a report on Friday, October 6th. BidaskClub raised Chimera Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. ValuEngine raised Chimera Investment from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Barclays set a $18.00 target price on Chimera Investment and gave the company a “hold” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.83.

Chimera Investment (NYSE:CIM) traded down $0.06 during mid-day trading on Thursday, hitting $18.67. The stock had a trading volume of 606,800 shares, compared to its average volume of 1,316,024. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $3,517.14, a price-to-earnings ratio of 7.87 and a beta of 0.85. Chimera Investment has a 1-year low of $16.43 and a 1-year high of $20.90.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.71%. Chimera Investment’s payout ratio is 61.35%.

In related news, insider Mohit Marria purchased 6,625 shares of Chimera Investment stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $17.89 per share, for a total transaction of $118,521.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Chimera Investment by 6.7% during the 2nd quarter. BlackRock Inc. now owns 12,031,752 shares of the real estate investment trust’s stock valued at $224,151,000 after acquiring an additional 758,460 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Chimera Investment in the 2nd quarter valued at about $7,516,000. FMR LLC raised its stake in shares of Chimera Investment by 34.7% in the 2nd quarter. FMR LLC now owns 1,466,130 shares of the real estate investment trust’s stock valued at $27,314,000 after purchasing an additional 377,925 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Chimera Investment by 7.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,094,299 shares of the real estate investment trust’s stock valued at $57,647,000 after purchasing an additional 211,259 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Chimera Investment by 87.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 453,534 shares of the real estate investment trust’s stock valued at $8,449,000 after purchasing an additional 211,097 shares in the last quarter. 50.73% of the stock is owned by institutional investors.

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About Chimera Investment

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

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