News headlines about Chimera Investment (NYSE:CIM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chimera Investment earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.8354117484911 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Chimera Investment (NYSE:CIM) traded up $0.10 during mid-day trading on Tuesday, hitting $18.62. 625,845 shares of the stock traded hands, compared to its average volume of 1,340,850. Chimera Investment has a one year low of $16.43 and a one year high of $20.90. The firm has a market cap of $3,500.00, a price-to-earnings ratio of 7.74 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.72.
Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Chimera Investment had a net margin of 46.91% and a return on equity of 14.42%. The company had revenue of $156.46 million during the quarter, compared to analyst estimates of $150.29 million. During the same quarter in the previous year, the business earned $0.68 EPS. The firm’s revenue was up .3% on a year-over-year basis. sell-side analysts predict that Chimera Investment will post 2.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 10.74%. The ex-dividend date of this dividend is Thursday, December 28th. Chimera Investment’s dividend payout ratio (DPR) is 61.54%.
A number of analysts have commented on CIM shares. BidaskClub raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Barclays PLC set a $18.00 target price on shares of Chimera Investment and gave the stock a “hold” rating in a report on Tuesday, October 10th. Deutsche Bank AG lifted their target price on shares of Chimera Investment from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.50 price target on shares of Chimera Investment in a report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.83.
In other news, insider Mohit Marria purchased 6,625 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $17.89 per share, with a total value of $118,521.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.
About Chimera Investment
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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