Chimera Investment (NYSE:CIM) Releases 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 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01), Zacks reports. Chimera Investment had a return on equity of 7.66% and a net margin of 28.79%. The business had revenue of $195.30 million for the quarter, compared to the consensus estimate of $69.90 million. During the same period in the previous year, the firm earned $0.39 EPS.

Chimera Investment Stock Up 0.8 %

CIM stock traded up $0.12 during midday trading on Friday, hitting $15.28. The company’s stock had a trading volume of 624,020 shares, compared to its average volume of 609,278. The company has a market cap of $1.23 billion, a PE ratio of 8.99 and a beta of 1.73. The firm’s 50-day moving average is $15.59 and its 200-day moving average is $14.44. Chimera Investment has a 12 month low of $11.28 and a 12 month high of $16.89. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 3.75.

Chimera Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 annualized dividend and a dividend yield of 9.69%. This is an increase from Chimera Investment’s previous quarterly dividend of $0.35. Chimera Investment’s dividend payout ratio (DPR) is 87.05%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com cut Chimera Investment from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods increased their target price on Chimera Investment from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th.

Chimera Investment Company Profile

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.