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

Chimera Investment (NYSE:CIM) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.37 EPS 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 Trading Down 9.3 %

NYSE:CIM traded down $1.41 on Wednesday, reaching $13.68. The stock had a trading volume of 320,143 shares, compared to its average volume of 482,895. Chimera Investment has a 12-month low of $11.28 and a 12-month high of $16.89. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 4.16 and a beta of 1.71. The firm’s fifty day moving average is $14.50 and its two-hundred day moving average is $14.97. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03.

Chimera Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $14.91 per share, with a total value of $745,500.00. Following the completion of the transaction, the executive now owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.