JMP Securities Reaffirms “Market Perform” Rating for Chimera Investment (NYSE:CIM)

JMP Securities reaffirmed their market perform rating on shares of Chimera Investment (NYSE:CIM) in a research note released on Thursday morning,Benzinga reports.

Chimera Investment Stock Up 0.6 %

CIM stock opened at $14.36 on Thursday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 3.93. The business has a 50 day moving average of $14.47 and a 200 day moving average of $14.97. Chimera Investment has a twelve month low of $11.28 and a twelve month high of $16.89. The firm has a market cap of $1.16 billion, a PE ratio of 4.35 and a beta of 1.70.

Chimera Investment (NYSE:CIM) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) 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 company had revenue of $195.30 million during the quarter, compared to analysts’ expectations of $69.90 million. During the same period in the prior year, the firm earned $0.39 EPS. On average, research analysts forecast that Chimera Investment will post 1.47 EPS for the current fiscal year.

Chimera Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.31%. Chimera Investment’s payout ratio is currently 44.85%.

Insider Buying and Selling at Chimera Investment

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the stock in a transaction on Friday, December 6th. The shares were acquired at an average price of $14.70 per share, for a total transaction of $735,000.00. Following the purchase, the executive now owns 50,000 shares of the company’s stock, valued at approximately $735,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Quarry LP raised its stake in Chimera Investment by 1,188.3% during the 2nd quarter. Quarry LP now owns 2,203 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 2,032 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Chimera Investment during the third quarter valued at $65,000. Simplify Asset Management Inc. bought a new position in Chimera Investment in the third quarter valued at about $158,000. Virtu Financial LLC bought a new stake in shares of Chimera Investment during the 3rd quarter valued at about $186,000. Finally, Moloney Securities Asset Management LLC increased its position in shares of Chimera Investment by 14.1% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 1,719 shares during the last quarter. 48.44% of the stock is owned by hedge funds and other institutional investors.

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.