Chimera Investment (NYSE:CIM) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01, RTT News reports. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. During the same period in the prior year, the business posted $0.65 earnings per share.
Shares of Chimera Investment (CIM) opened at $16.90 on Wednesday. Chimera Investment has a one year low of $15.77 and a one year high of $20.90. 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 firm has a market cap of $3,152.84, a P/E ratio of 7.05 and a beta of 0.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 11.83%. Chimera Investment’s dividend payout ratio (DPR) is 61.35%.
Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Chimera Investment by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,580 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 341 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Chimera Investment by 77.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,545 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 3,286 shares during the period. SG Americas Securities LLC purchased a new position in shares of Chimera Investment during the 3rd quarter worth approximately $145,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Chimera Investment during the 4th quarter worth approximately $170,000. Finally, Kovack Advisors Inc. purchased a new position in shares of Chimera Investment during the 4th quarter worth approximately $191,000. 50.50% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. ValuEngine downgraded shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Credit Suisse Group raised shares of Chimera Investment from a “neutral” rating to an “outperform” rating and increased their price target for the company from $18.01 to $19.00 in a research note on Thursday, January 25th. Finally, Zacks Investment Research cut shares of Chimera Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Chimera Investment has an average rating of “Hold” and an average target price of $18.88.
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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