Chimera Investment (NYSE:CIM) Issues Earnings Results

Chimera Investment (NYSE:CIM) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 Stock Down 7.9 %

Shares of CIM stock opened at $13.89 on Wednesday. The company’s fifty day simple moving average is $14.50 and its two-hundred day simple moving average is $14.97. Chimera Investment has a 52 week low of $11.28 and a 52 week high of $16.89. The stock has a market cap of $1.12 billion, a P/E ratio of 4.19 and a beta of 1.71. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is currently 44.85%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

Insider Buying and Selling at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of Chimera Investment stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $745,500.00. Following the acquisition, the executive now directly owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

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.