Chimera Investment (CIM) Projected to Post Quarterly Earnings on Wednesday

Chimera Investment (NYSE:CIM) is anticipated to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Chimera Investment to post earnings of $0.47 per share and revenue of $73.48 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chimera Investment (NYSE:CIM) last announced its earnings results on Wednesday, November 6th. 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). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The business had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. During the same quarter last year, the business earned $0.39 EPS. On average, analysts expect Chimera Investment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chimera Investment Trading Up 2.6 %

Shares of NYSE:CIM opened at $15.20 on Wednesday. Chimera Investment has a 1 year low of $11.28 and a 1 year high of $16.89. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.60 and a beta of 1.71. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The business’s 50 day moving average price is $14.47 and its 200-day moving average price is $14.96.

Chimera Investment Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.74%. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

Insider Buying and Selling at Chimera Investment

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were bought at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the acquisition, the executive now owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.