Chimera Investment (NYSE:CIM - Get Free Report) released its earnings results on Wednesday. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01), Zacks reports. The firm had revenue of $195.30 million during the quarter, compared to analysts' expectations of $69.90 million. Chimera Investment had a return on equity of 7.78% and a net margin of 46.48%. During the same period in the prior year, the business earned $0.39 earnings per share.
Chimera Investment Price Performance
CIM stock traded up $0.12 during midday trading on Friday, reaching $15.28. The company had a trading volume of 624,020 shares, compared to its average volume of 520,949. The firm has a 50-day moving average price of $15.59 and a 200-day moving average price of $14.44. The company has a debt-to-equity ratio of 3.75, a current ratio of 4.43 and a quick ratio of 4.43. The company has a market capitalization of $1.23 billion, a P/E ratio of 4.63 and a beta of 1.73. Chimera Investment has a 1 year low of $11.28 and a 1 year high of $16.89.
Chimera Investment Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Chimera Investment's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.69%. Chimera Investment's payout ratio is presently 44.85%.
Analysts Set New Price Targets
A number of analysts recently weighed in on CIM shares. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on shares of Chimera Investment from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Thursday, August 8th.
Get Our Latest Research Report on CIM
About Chimera Investment
(
Get Free Report)
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.
Featured Articles
Before you consider Chimera Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chimera Investment wasn't on the list.
While Chimera Investment currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
