Chimera Investment (NYSE:CIM) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Chimera Investment (NYSE:CIM) released 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 Price Performance

Shares of NYSE:CIM traded up $0.23 during midday trading on Thursday, reaching $14.14. 34,169 shares of the company were exchanged, compared to its average volume of 524,304. The stock has a market cap of $1.14 billion, a PE ratio of 4.28 and a beta of 1.71. The business’s fifty day moving average is $14.48 and its two-hundred day moving average is $14.96. Chimera Investment has a one year low of $11.28 and a one year high of $16.89. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s payout ratio is currently 44.85%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of Chimera Investment stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $14.91 per share, with a total value of $745,500.00. Following the purchase, the executive now directly owns 100,000 shares in the company, valued at $1,491,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by 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.