Chimera Investment (NYSE:CIM) Shares Gap Down Following Weak Earnings

Shares of Chimera Investment Co. (NYSE:CIM) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $15.09, but opened at $14.14. Chimera Investment shares last traded at $13.75, with a volume of 406,800 shares changing hands.

The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%.

Chimera Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.62%. The ex-dividend date was Tuesday, December 31st. Chimera Investment’s dividend payout ratio (DPR) is presently 44.85%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CIO Jack Lee Macdowell, Jr. acquired 50,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought at an average price of $14.91 per share, with a total value of $745,500.00. Following the completion of the acquisition, the executive now owns 100,000 shares in the company, valued at $1,491,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Chimera Investment

A number of large investors have recently made changes to their positions in CIM. New Age Alpha Advisors LLC purchased a new stake in Chimera Investment in the fourth quarter valued at approximately $56,000. Prospera Private Wealth LLC acquired a new position in shares of Chimera Investment in the 3rd quarter valued at $65,000. Hillsdale Investment Management Inc. purchased a new stake in Chimera Investment in the 4th quarter valued at $65,000. Summit Securities Group LLC acquired a new stake in Chimera Investment during the 4th quarter worth $111,000. Finally, Simplify Asset Management Inc. purchased a new position in Chimera Investment during the 3rd quarter worth $158,000. 48.44% of the stock is owned by institutional investors and hedge funds.

Chimera Investment Trading Down 7.7 %

The business’s 50 day simple moving average is $14.48 and its 200 day simple moving average is $14.96. 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 company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.22 and a beta of 1.71.

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.