Chimera Investment (NYSE:CIM – Get Free Report)‘s stock had its “market perform” rating restated by investment analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.
Chimera Investment Stock Up 0.1 %
Shares of NYSE CIM traded up $0.01 during midday trading on Thursday, hitting $14.29. 13,022 shares of the company’s stock were exchanged, compared to its average volume of 459,345. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. Chimera Investment has a twelve month low of $11.28 and a twelve month high of $16.89. The company has a market cap of $1.16 billion, a PE ratio of 4.33 and a beta of 1.70. The firm’s fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.95.
Chimera Investment (NYSE:CIM – Get Free Report) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. The business had revenue of $195.30 million for the quarter, compared to analyst estimates of $69.90 million. During the same period last year, the business posted $0.39 EPS. Research analysts predict that Chimera Investment will post 1.47 EPS for the current fiscal year.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of CIM. Quarry LP grew its holdings in Chimera Investment by 1,188.3% during the second quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 2,032 shares during the period. Prospera Private Wealth LLC acquired a new position in Chimera Investment during the third quarter worth $65,000. Simplify Asset Management Inc. acquired a new position in Chimera Investment during the third quarter worth $158,000. Virtu Financial LLC acquired a new position in Chimera Investment during the third quarter worth $186,000. Finally, Marshall Wace LLP acquired a new position in Chimera Investment during the second quarter worth $217,000. Institutional investors and hedge funds own 48.44% of the company’s stock.
Chimera Investment Company Profile
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.
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