Chimera Investment (NYSE:CIM) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Chimera Investment (NYSE:CIM) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10), Zacks reports. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $13.89 on Wednesday. Chimera Investment has a one year low of $11.28 and a one year high of $16.89. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 4.19 and a beta of 1.71. The company’s fifty day moving average price is $14.50 and its 200-day moving average price is $14.97.

Chimera Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.65%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is 44.85%.

Insiders Place Their Bets

In related news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $745,500.00. Following the completion of the acquisition, the executive now owns 100,000 shares in the company, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

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

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.