Chimera Investment (NYSE:CIM) Announces Quarterly Earnings Results

Chimera Investment (NYSE:CIM) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09), Zacks reports. The firm had revenue of $16.49 million for the quarter, compared to analyst estimates of $84.51 million. Chimera Investment had a net margin of 21.93% and a return on equity of 7.28%.

Chimera Investment Stock Performance

Shares of Chimera Investment stock traded up $0.49 during trading on Friday, reaching $12.22. The company’s stock had a trading volume of 1,529,188 shares, compared to its average volume of 599,053. Chimera Investment has a one year low of $9.85 and a one year high of $15.48. The firm has a market cap of $990.31 million, a price-to-earnings ratio of 9.69 and a beta of 1.87. The business’s fifty day moving average price is $13.40 and its 200-day moving average price is $13.46. The company has a debt-to-equity ratio of 4.47, a quick ratio of 4.14 and a current ratio of 4.14.

Chimera Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Chimera Investment’s dividend payout ratio (DPR) is currently 117.46%.

Hedge Funds Weigh In On Chimera Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIM. Cetera Investment Advisers increased its stake in Chimera Investment by 6.1% in the second quarter. Cetera Investment Advisers now owns 19,926 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,143 shares during the period. Sei Investments Co. boosted its holdings in Chimera Investment by 11.0% during the second quarter. Sei Investments Co. now owns 21,182 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 2,107 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Chimera Investment by 12.9% in the 1st quarter. Empowered Funds LLC now owns 21,322 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 2,430 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Chimera Investment by 59.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,686 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,857 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Chimera Investment by 92.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,140 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 3,423 shares during the period. 48.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chimera Investment in a report on Wednesday, October 8th. Wall Street Zen raised Chimera Investment from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.50.

About Chimera Investment

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 residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.