Wall Street analysts forecast that Chimera Investment Corporation (NYSE:CIM) will post earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. 1,012,307 shares of the company's stock were exchanged.
Chimera Investment Corporation was upgraded to " by analysts at Wells Fargo. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Chimera Investment Corporation by 80.9% in the first quarter. Accern also assigned headlines about the real estate investment trust an impact score of 40 out of 100, meaning that recent media coverage is unlikely to have an effect on the company's share price in the immediate future. Sit Investment Associates Inc. raised its position in shares of Chimera Investment Corporation by 143.6% in the first quarter. The fund owned 18,641 shares of the real estate investment trust's stock at the end of the first quarter. Renaissance Technologies LLC acquired a new stake in shares of Chimera Investment Corporation during the fourth quarter worth approximately $11,120,000. Tyers Asset Management LLC purchased a new stake in shares of Chimera Investment Corporation during the fourth quarter worth $250,000.
Shares of Chimera Investment Corporation (NYSE:CIM) traded up 1.08% during mid-day trading on Friday, reaching $18.65. The company's stock had a trading volume of 746,241 shares. The firm's 50-day moving average price is $18.75 and its 200 day moving average price is $18.76. Chimera Investment Corporation has a one year low of $14.70 and a one year high of $20.90. The company has a market cap of $3.55 billion, a P/E ratio of 5.70 and a beta of 0.93.
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Chimera Investment Corporation (NYSE:CIM) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.07. The business had revenue of $141.11 million during the quarter, compared to analyst estimates of $140.90 million. Chimera Investment Corporation had a return on equity of 14.14% and a net margin of 64.18%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities research analysts predict that Chimera Investment Corporation will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a yield of 10.84%. Tennessee-based Nfc Invests Ltd has invested 5.66% in Chimera Investment Corporation (NYSE:CIM).
COPYRIGHT VIOLATION WARNING: This piece was reported by Stock Observer and is the property of of Stock Observer. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. The original version of this news story can be accessed at https://transcriptdaily.com/2017/07/15/omega-advisors-inc-has-1211000-position-in-chimera-investment-corporation-cim-updated-updated-updated.html. Zacks Investment Research raised shares of Chimera Investment Corporation from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Tuesday, April 18th. Finally, Barclays PLC set a $17.00 target price on shares of Chimera Investment Corporation and gave the company a "hold" rating in a report on Monday, May 8th. Finally, ValuEngine upgraded shares of Chimera Investment Corporation from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 3rd. BidaskClub raised Chimera Investment Corporation from a "hold" rating to a "buy" rating in a research report on Thursday, June 15th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of "Hold" and an average price target of $17.75. Chimera Investment had 15 analyst reports since August 12, 2015 according to SRatingsIntel. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements.
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