JMP Securities reissued their market perform rating on shares of Chimera Investment (NYSE:CIM - Free Report) in a research report report published on Thursday,Benzinga reports.
Chimera Investment Stock Up 0.6 %
Shares of Chimera Investment stock traded up $0.08 during trading hours on Thursday, reaching $14.36. 349,303 shares of the company were exchanged, compared to its average volume of 478,427. The firm has a market cap of $1.16 billion, a PE ratio of 4.35 and a beta of 1.70. The stock's fifty day moving average is $14.47 and its 200 day moving average is $14.95. Chimera Investment has a 1 year low of $11.28 and a 1 year high of $16.89. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03.
Chimera Investment (NYSE:CIM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. 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). The company had revenue of $195.30 million during the quarter, compared to analyst estimates of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same period in the prior year, the business earned $0.39 EPS. As a group, equities research analysts forecast that Chimera Investment will post 1.47 earnings per share for the current year.
Chimera Investment Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.31%. Chimera Investment's dividend payout ratio (DPR) is presently 44.85%.
Insiders Place Their Bets
In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of Chimera Investment stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the transaction, the executive now directly owns 100,000 shares in the company, valued at $1,491,000. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company's stock.
Hedge Funds Weigh In On Chimera Investment
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in Chimera Investment by 0.4% during the 3rd quarter. State Street Corp now owns 1,914,764 shares of the real estate investment trust's stock worth $31,010,000 after buying an additional 7,595 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Chimera Investment by 1.8% during the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust's stock worth $29,439,000 after acquiring an additional 32,835 shares during the period. Leeward Investments LLC MA raised its holdings in Chimera Investment by 1.7% during the third quarter. Leeward Investments LLC MA now owns 859,955 shares of the real estate investment trust's stock worth $13,613,000 after purchasing an additional 14,622 shares in the last quarter. Cadent Capital Advisors LLC lifted its position in Chimera Investment by 12.9% in the third quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust's stock valued at $4,213,000 after purchasing an additional 30,393 shares during the period. Finally, Barclays PLC boosted its holdings in Chimera Investment by 301.6% in the 3rd quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust's stock valued at $2,901,000 after purchasing an additional 137,655 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company's stock.
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.
Further Reading
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
