Chimera Investment (CIM) Projected to Post Quarterly Earnings on Wednesday

Chimera Investment (NYSE:CIM) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $73.48 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Chimera Investment Price Performance

NYSE CIM opened at $15.13 on Tuesday. The company has a debt-to-equity ratio of 3.93, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 4.58 and a beta of 1.71. The company has a 50 day simple moving average of $14.49 and a 200-day simple moving average of $14.97. Chimera Investment has a 52-week low of $11.28 and a 52-week high of $16.89.

Chimera Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Chimera Investment’s payout ratio is currently 44.85%.

Insiders Place Their Bets

In other news, CIO Jack Lee Macdowell, Jr. purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $14.91 per share, with a total value of $745,500.00. Following the acquisition, the executive now directly owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Chimera Investment in a research report on Thursday, January 23rd.

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.