Chimera Investment (CIM) Receiving Somewhat Favorable Press Coverage, Report Shows
Press coverage about Chimera Investment (NYSE:CIM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chimera Investment earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.359227646114 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts have recently issued reports on CIM shares. ValuEngine raised shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.50 price objective on shares of Chimera Investment in a research report on Friday, October 6th. Finally, Barclays set a $18.00 price objective on shares of Chimera Investment and gave the stock a “hold” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Chimera Investment has a consensus rating of “Hold” and a consensus price target of $18.83.
Chimera Investment (NYSE CIM) traded up $0.10 during trading on Friday, reaching $19.09. 1,037,396 shares of the company were exchanged, compared to its average volume of 898,270. The company has a market capitalization of $3,565.96, a P/E ratio of 5.86 and a beta of 0.85. Chimera Investment has a 1-year low of $16.70 and a 1-year high of $20.90. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.72.
Chimera Investment (NYSE:CIM) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $156.46 million during the quarter, compared to the consensus estimate of $150.29 million. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. analysts predict that Chimera Investment will post 2.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend is Thursday, December 28th. Chimera Investment’s dividend payout ratio (DPR) is currently 61.35%.
In other Chimera Investment news, insider Mohit Marria bought 6,625 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $17.89 per share, with a total value of $118,521.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by company insiders.
Chimera Investment Company Profile
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.
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