Chimera Investment (NYSE:CIM) Issues Earnings Results

Chimera Investment (NYSE:CIM) announced its earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10), Zacks reports. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%.

Chimera Investment Stock Performance

NYSE:CIM traded down $1.41 during midday trading on Wednesday, reaching $13.68. The stock had a trading volume of 320,143 shares, compared to its average volume of 482,895. The stock has a market cap of $1.11 billion, a P/E ratio of 4.16 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 has a 12-month low of $11.28 and a 12-month high of $16.89. The firm has a fifty day simple moving average of $14.50 and a two-hundred day simple moving average of $14.97.

Chimera Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.82%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio is presently 44.85%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of Chimera Investment stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $14.91 per share, with a total value of $745,500.00. Following the acquisition, the executive now directly owns 100,000 shares of the company’s stock, valued at $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

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.