Chimera Investment (CIM) Scheduled to Post Earnings on Thursday

Chimera Investment (NYSE:CIMGet Rating) will be releasing its earnings data before the market opens on Thursday, May 5th. Analysts expect Chimera Investment to post earnings of $0.39 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chimera Investment (NYSE:CIMGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. Chimera Investment had a return on equity of 13.61% and a net margin of 71.47%. During the same quarter last year, the company earned $0.29 EPS. On average, analysts expect Chimera Investment to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:CIM opened at $9.91 on Thursday. The stock’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $14.03. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 2.09. Chimera Investment has a 12-month low of $9.73 and a 12-month high of $16.85. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 4.06 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 28th. Shareholders of record on Thursday, March 31st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 13.32%. The ex-dividend date of this dividend is Wednesday, March 30th. Chimera Investment’s payout ratio is 54.10%.

Institutional investors and hedge funds have recently modified their holdings of the company. Autumn Glory Partners LLC acquired a new position in shares of Chimera Investment in the 4th quarter worth approximately $158,000. NewEdge Advisors LLC acquired a new position in shares of Chimera Investment in the 4th quarter worth approximately $249,000. NEXT Financial Group Inc boosted its position in Chimera Investment by 84.7% during the 4th quarter. NEXT Financial Group Inc now owns 21,596 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 9,904 shares during the period. MML Investors Services LLC boosted its position in Chimera Investment by 13.7% during the 4th quarter. MML Investors Services LLC now owns 38,434 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 4,634 shares during the period. Finally, Penserra Capital Management LLC boosted its position in Chimera Investment by 17.7% during the 4th quarter. Penserra Capital Management LLC now owns 47,741 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 7,181 shares during the period. Institutional investors own 51.26% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research raised Chimera Investment from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays reduced their price objective on Chimera Investment from $14.00 to $11.00 in a research note on Wednesday. Finally, StockNews.com lowered Chimera Investment from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, Chimera Investment presently has a consensus rating of “Hold” and an average price target of $15.00.

About Chimera Investment (Get Rating)

Chimera Investment Corp. operates as a real estate investment trust. engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.

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Earnings History for Chimera Investment (NYSE:CIM)

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