According to Zacks, “Chimera Investment Corporation is a publicly traded real estate investment trust, or REIT, that is primarily engaged in real estate finance. It invests, either directly or indirectly through its subsidiaries, in RMBS, residential mortgage loans, Agency CMBS, commercial mortgage loans, real estate-related securities and various other asset classes. The company has elected and is organized and has operated in a manner that enables it to be taxed as a REIT under the Internal Revenue Code. “
Other equities research analysts have also issued research reports about the stock. Nomura initiated coverage on shares of CHIMERA INVT CO/SH NEW in a report on Wednesday, March 27th. They issued a buy rating and a $20.00 price objective for the company. Deutsche Bank lowered shares of CHIMERA INVT CO/SH NEW from a buy rating to a hold rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CHIMERA INVT CO/SH NEW presently has an average rating of Hold and an average price target of $19.88.
Shares of CIM opened at $18.75 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.09. CHIMERA INVT CO/SH NEW has a 12-month low of $16.88 and a 12-month high of $19.42. The stock has a market capitalization of $3.53 billion, a P/E ratio of 8.01 and a beta of 0.56.
CHIMERA INVT CO/SH NEW (NYSE:CIM) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). CHIMERA INVT CO/SH NEW had a net margin of 21.84% and a return on equity of 12.59%. The firm had revenue of $147.44 million during the quarter, compared to analysts’ expectations of $151.69 million. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts anticipate that CHIMERA INVT CO/SH NEW will post 2.2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Friday, June 28th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.00 dividend on an annualized basis and a yield of 10.67%. CHIMERA INVT CO/SH NEW’s payout ratio is currently 85.47%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CIM. AQR Capital Management LLC lifted its position in CHIMERA INVT CO/SH NEW by 16.9% in the third quarter. AQR Capital Management LLC now owns 43,451 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 6,273 shares during the last quarter. Legal & General Group Plc lifted its position in CHIMERA INVT CO/SH NEW by 1.9% in the third quarter. Legal & General Group Plc now owns 179,790 shares of the real estate investment trust’s stock valued at $3,260,000 after buying an additional 3,438 shares during the last quarter. Federated Investors Inc. PA lifted its position in CHIMERA INVT CO/SH NEW by 4.4% in the third quarter. Federated Investors Inc. PA now owns 523,638 shares of the real estate investment trust’s stock valued at $9,493,000 after buying an additional 21,947 shares during the last quarter. Strs Ohio lifted its position in CHIMERA INVT CO/SH NEW by 15.3% in the fourth quarter. Strs Ohio now owns 43,648 shares of the real estate investment trust’s stock valued at $777,000 after buying an additional 5,798 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CHIMERA INVT CO/SH NEW by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,076 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 1,758 shares during the last quarter. 49.23% of the stock is currently owned by institutional investors.
CHIMERA INVT CO/SH NEW Company Profile
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities.
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