Chimera Investment (NYSE:CIM - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10), Zacks reports. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%.
Chimera Investment Trading Down 0.7 %
Shares of Chimera Investment stock traded down $0.10 on Friday, hitting $14.08. 736,401 shares of the company traded hands, compared to its average volume of 488,732. The stock's 50 day moving average price is $14.46 and its 200-day moving average price is $14.95. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. Chimera Investment has a 52 week low of $11.28 and a 52 week high of $16.89. The company has a market cap of $1.14 billion, a PE ratio of 4.27 and a beta of 1.71.
Chimera Investment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.52%. The ex-dividend date was Tuesday, December 31st. Chimera Investment's dividend payout ratio is presently 137.04%.
Insider Activity
In related news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the purchase, the executive now owns 100,000 shares of the company's stock, valued at approximately $1,491,000. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Chimera Investment in a research note on Thursday, January 23rd. StockNews.com lowered shares of Chimera Investment from a "buy" rating to a "hold" rating in a research note on Thursday.
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About Chimera Investment
(
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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.
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