Chimera Investment (CIM) to Release Earnings on Wednesday

Chimera Investment (NYSE:CIM) is projected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $73.48 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $195.30 million for the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter last year, the firm 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 %

NYSE CIM opened at $15.20 on Wednesday. The company’s 50-day moving average price is $14.47 and its 200-day moving average price is $14.96. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. The stock has a market cap of $1.23 billion, a PE ratio of 4.60 and a beta of 1.71. Chimera Investment has a 12 month low of $11.28 and a 12 month high of $16.89.

Chimera Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $14.70 per share, with a total value of $735,000.00. Following the purchase, the executive now directly owns 50,000 shares of the company’s stock, valued at $735,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate 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.