Chimera Investment Corporation (NYSE:CIM – Get Free Report) was the recipient of some unusual options trading activity on Monday. Traders acquired 16,003 call options on the stock. This represents an increase of approximately 1,309% compared to the typical daily volume of 1,136 call options.
Chimera Investment Price Performance
Shares of Chimera Investment stock traded down $0.07 during trading on Monday, hitting $7.24. 435,464 shares of the stock traded hands, compared to its average volume of 942,113. The stock has a market cap of $605.82 million, a price-to-earnings ratio of -2.38 and a beta of 1.75. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 2.34. Chimera Investment has a 52 week low of $7.18 and a 52 week high of $14.18. The firm’s fifty day moving average is $9.68 and its 200-day moving average is $12.17.
Chimera Investment (NYSE:CIM – Get Free Report) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of ($118.00) million during the quarter, compared to the consensus estimate of $103.10 million. Chimera Investment had a positive return on equity of 9.99% and a negative net margin of 19.11%.
Chimera Investment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 24.9%. The ex-dividend date was Wednesday, September 30th. Chimera Investment’s payout ratio is presently -58.82%.
Wall Street Analysts Forecast Growth
CIM has been the subject of several research reports. Weiss Ratings lowered shares of Chimera Investment from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 18th. Keefe, Bruyette & Woods reduced their target price on Chimera Investment from $15.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.50.
Check Out Our Latest Stock Report on CIM
Institutional Investors Weigh In On Chimera Investment
A number of institutional investors have recently made changes to their positions in CIM. BlackRock Inc. grew its holdings in shares of Chimera Investment by 9.5% during the 2nd quarter. BlackRock Inc. now owns 7,855,125 shares of the real estate investment trust’s stock valued at $104,787,000 after purchasing an additional 681,996 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in Chimera Investment by 0.7% in the second quarter. Thornburg Investment Management Inc. now owns 5,511,923 shares of the real estate investment trust’s stock worth $73,529,000 after purchasing an additional 35,621 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Chimera Investment by 6.9% during the second quarter. Allianz Asset Management GmbH now owns 2,274,507 shares of the real estate investment trust’s stock valued at $30,342,000 after buying an additional 147,119 shares during the period. State Street Corp boosted its position in Chimera Investment by 7.8% during the second quarter. State Street Corp now owns 2,029,275 shares of the real estate investment trust’s stock valued at $27,957,000 after buying an additional 147,629 shares during the period. Finally, First Trust Advisors LP boosted its position in Chimera Investment by 82.0% during the first quarter. First Trust Advisors LP now owns 543,101 shares of the real estate investment trust’s stock valued at $6,816,000 after buying an additional 244,763 shares during the period. Hedge funds and other institutional investors own 48.44% of the company’s stock.
Chimera Investment Company Profile
Chimera Investment Corporation (NYSE:CIM) is a real estate investment trust that invests primarily in residential mortgage assets and other real estate-related investments. The company seeks to generate income from a portfolio that may include residential mortgage loans, agency and non-agency residential mortgage-backed securities, and other mortgage-related assets.
Chimera’s investments can include whole residential mortgage loans and securitized interests backed by mortgages. Its portfolio has historically included both agency assets, which carry guarantees from government-sponsored entities or government agencies, and non-agency assets, which generally involve greater credit exposure.
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