Chimera Investment (NYSE:CIM – Get Rating) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06), Briefing.com reports. The company had revenue of $116.89 million for the quarter, compared to the consensus estimate of $131.19 million. Chimera Investment had a positive return on equity of 12.47% and a negative net margin of 8.93%. The business’s revenue for the quarter was down 32.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS.
Chimera Investment Price Performance
Shares of Chimera Investment stock traded up $0.04 on Friday, hitting $9.30. The company had a trading volume of 1,687,774 shares, compared to its average volume of 1,979,739. The company has a market cap of $2.20 billion, a PE ratio of -14.31 and a beta of 1.05. Chimera Investment has a 52 week low of $7.72 and a 52 week high of $16.85. The company has a debt-to-equity ratio of 3.45, a current ratio of 6.05 and a quick ratio of 6.05. The business has a 50-day simple moving average of $9.30 and a 200-day simple moving average of $10.92.
Institutional Trading of Chimera Investment
A number of large investors have recently added to or reduced their stakes in CIM. Dynamic Technology Lab Private Ltd purchased a new stake in Chimera Investment in the 1st quarter worth approximately $261,000. First Republic Investment Management Inc. raised its holdings in shares of Chimera Investment by 48.6% during the 1st quarter. First Republic Investment Management Inc. now owns 35,220 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 11,516 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Chimera Investment by 37.3% in the 1st quarter. Guggenheim Capital LLC now owns 131,721 shares of the real estate investment trust’s stock worth $1,586,000 after acquiring an additional 35,807 shares during the period. Goldman Sachs Group Inc. raised its holdings in Chimera Investment by 113.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,668,559 shares of the real estate investment trust’s stock worth $20,090,000 after acquiring an additional 885,442 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in Chimera Investment in the 1st quarter worth $156,000. 53.05% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
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 and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.
- Get a free copy of the StockNews.com research report on Chimera Investment (CIM)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Chimera Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chimera Investment and related companies with MarketBeat.com's FREE daily email newsletter.