Chimera Investment (NYSE:CIM) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Chimera Investment (NYSE:CIM) posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $69.90 million. Chimera Investment had a net margin of 28.79% and a return on equity of 7.66%. During the same quarter in the prior year, the business earned $0.39 EPS.

Chimera Investment Stock Performance

Chimera Investment stock traded up $0.12 during trading hours on Friday, reaching $15.28. 624,020 shares of the company were exchanged, compared to its average volume of 609,278. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 8.98 and a beta of 1.73. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.75. The stock has a 50-day moving average of $15.59 and a 200 day moving average of $14.44. Chimera Investment has a 12 month low of $11.28 and a 12 month 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 of this dividend was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 9.69%. This is a boost from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio is presently 87.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CIM shares. Keefe, Bruyette & Woods lifted their price objective 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. StockNews.com downgraded shares of Chimera Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

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.