Chimera Investment (CIM) Getting Somewhat Positive Press Coverage, Report Shows
News stories about Chimera Investment (NYSE:CIM) have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chimera Investment earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2666599885367 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
CIM has been the topic of several recent research reports. BidaskClub upgraded shares of Chimera Investment from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Barclays set a $18.00 target price on shares of Chimera Investment and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 target price on shares of Chimera Investment in a research note on Friday, October 6th. Finally, ValuEngine upgraded shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.83.
Chimera Investment (CIM) opened at $18.77 on Friday. Chimera Investment has a fifty-two week low of $16.43 and a fifty-two week high of $20.90. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $3,517.14, a price-to-earnings ratio of 7.87 and a beta of 0.85.
Chimera Investment (NYSE:CIM) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The firm had revenue of $156.46 million during the quarter, compared to analyst estimates of $150.29 million. During the same period last year, the firm posted $0.68 earnings per share. Chimera Investment’s revenue for the quarter was up .3% compared to the same quarter last year. research analysts predict that Chimera Investment will post 2.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.66%. Chimera Investment’s dividend payout ratio is presently 61.35%.
In related news, insider Mohit Marria purchased 6,625 shares of the stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by company insiders.
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Chimera Investment Company Profile
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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