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 %
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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.
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