Chimera Investment (CIM) Set to Announce Quarterly Earnings on Wednesday
Chimera Investment (NYSE:CIM – Get Rating) is set to post its quarterly earnings results before the market opens on Wednesday, February 15th. Analysts expect Chimera Investment to post earnings of $0.24 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Chimera Investment Stock Up 0.3 %
→ Know Your Profit Potential BEFORE You Trade! (From Tradewins)
Shares of NYSE:CIM opened at $7.25 on Wednesday. Chimera Investment has a 52 week low of $4.91 and a 52 week high of $13.98. The company has a debt-to-equity ratio of 3.87, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $1.68 billion, a PE ratio of -2.56 and a beta of 1.49. The company has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $7.13.
Chimera Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Friday, March 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 12.69%. The ex-dividend date of this dividend is Thursday, March 30th. Chimera Investment’s payout ratio is presently -32.51%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Credit Suisse Group lowered their price objective on shares of Chimera Investment to $7.50 in a research report on Thursday, October 13th. StockNews.com assumed coverage on shares of Chimera Investment in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Worth Asset Management LLC bought a new position in Chimera Investment in the first quarter valued at $30,000. Captrust Financial Advisors bought a new position in Chimera Investment in the second quarter valued at $83,000. American Century Companies Inc. bought a new position in Chimera Investment in the first quarter valued at $132,000. Prelude Capital Management LLC bought a new position in Chimera Investment in the first quarter valued at $135,000. Finally, IHT Wealth Management LLC bought a new position in Chimera Investment in the first quarter valued at $156,000. Institutional investors own 47.06% of the company’s stock.
About Chimera Investment
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Chimera Investment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Chimera Investment wasn’t on the list.
While Chimera Investment currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Elon Musk’s Next Move
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.