Chimera Investment (NYSE:CIM - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Chimera Investment to post earnings of $0.37 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Chimera Investment (NYSE:CIM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $186.72 million during the quarter, compared to the consensus estimate of $66.50 million. Chimera Investment had a return on equity of 7.66% and a net margin of 28.79%. During the same period in the previous year, the company posted $0.36 EPS. On average, analysts expect Chimera Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Chimera Investment Stock Performance
CIM traded up $0.29 during trading hours on Wednesday, reaching $15.86. The company's stock had a trading volume of 569,955 shares, compared to its average volume of 606,965. The company's 50-day moving average is $15.61 and its 200-day moving average is $14.30. Chimera Investment has a 52 week low of $11.28 and a 52 week high of $16.89. The firm has a market cap of $1.28 billion, a PE ratio of 9.33 and a beta of 1.73. The company has a debt-to-equity ratio of 3.75, a quick ratio of 4.43 and a current ratio of 4.43.
Chimera Investment Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.37 per share. This is an increase from Chimera Investment's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 9.33%. Chimera Investment's dividend payout ratio (DPR) is currently 87.06%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CIM. Keefe, Bruyette & Woods raised their price target on Chimera Investment from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Thursday, August 8th. StockNews.com downgraded Chimera Investment from a "buy" rating to a "hold" rating in a report on Thursday, August 15th.
Get Our Latest Analysis on Chimera Investment
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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