Chimera Investment’s (CIM) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Chimera Investment (NYSE:CIM) in a report released on Thursday,Benzinga reports.

Chimera Investment Price Performance

Shares of CIM opened at $14.27 on Thursday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 3.03 and a current ratio of 3.03. Chimera Investment has a fifty-two week low of $11.28 and a fifty-two week high of $16.89. The firm has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $14.95. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 4.32 and a beta of 1.70.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. The company had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. During the same period in the prior year, the company earned $0.39 earnings per share. On average, equities research analysts anticipate that Chimera Investment will post 1.47 earnings per share for the current year.

Chimera Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.37%. The ex-dividend date is Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Insider Transactions at Chimera Investment

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of Chimera Investment stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $14.70 per share, with a total value of $735,000.00. Following the acquisition, the executive now directly owns 50,000 shares of the company’s stock, valued at $735,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Chimera Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP lifted its stake in shares of Chimera Investment by 1,188.3% in the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 2,032 shares during the period. Prospera Private Wealth LLC purchased a new position in Chimera Investment in the 3rd quarter valued at approximately $65,000. Simplify Asset Management Inc. acquired a new position in Chimera Investment during the third quarter worth $158,000. Virtu Financial LLC purchased a new stake in Chimera Investment during the third quarter worth $186,000. Finally, Marshall Wace LLP acquired a new stake in Chimera Investment in the second quarter valued at $217,000. Institutional investors and hedge funds own 48.44% of the company’s stock.

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.