Chimera Investment’s (CIM) Market Perform Rating Reiterated at JMP Securities

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

Chimera Investment Stock Performance

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

Chimera Investment (NYSE:CIM) 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). The company had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $69.90 million. Chimera Investment had a net margin of 46.48% and a return on equity of 7.69%. During the same quarter in the prior year, the company earned $0.39 earnings per share. Research analysts expect that Chimera Investment will post 1.47 EPS for the current year.

Chimera Investment Announces Dividend

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

Insider Activity

In other Chimera Investment news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of Chimera Investment stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $14.91 per share, with a total value of $745,500.00. Following the completion of the purchase, the executive now owns 100,000 shares of the company’s stock, valued at approximately $1,491,000. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC boosted its stake in shares of Chimera Investment by 66.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $1,400,000 after purchasing an additional 40,000 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Chimera Investment by 39.2% during the 4th quarter. SG Americas Securities LLC now owns 21,138 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 5,951 shares during the period. International Assets Investment Management LLC bought a new position in shares of Chimera Investment in the 4th quarter worth approximately $253,000. Franklin Resources Inc. boosted its position in shares of Chimera Investment by 10.1% during the third quarter. Franklin Resources Inc. now owns 85,236 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 7,825 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Chimera Investment in the third quarter worth $186,000. 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.