Chimera Investment Corporation (NYSE:CIM) released its earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03, Bloomberg Earnings reports. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $149.75 million. Chimera Investment Corporation had a net margin of 64.18% and a return on equity of 14.14%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS.

Shares of Chimera Investment Corporation (NYSE CIM) remained flat at $18.90 during trading on Wednesday. 430,563 shares of the company’s stock were exchanged. The company’s 50-day moving average is $18.91 and its 200 day moving average is $19.00. The company has a market cap of $3.55 billion, a P/E ratio of 5.69 and a beta of 0.94. Chimera Investment Corporation has a 12-month low of $14.70 and a 12-month high of $20.90.

Large investors have recently bought and sold shares of the company. Capital Advisors Inc. OK boosted its stake in Chimera Investment Corporation by 9.4% in the first quarter. Capital Advisors Inc. OK now owns 544,168 shares of the real estate investment trust’s stock valued at $10,981,000 after buying an additional 46,837 shares during the period. Breton Hill Capital Ltd. boosted its stake in Chimera Investment Corporation by 173.0% in the first quarter. Breton Hill Capital Ltd. now owns 63,821 shares of the real estate investment trust’s stock valued at $1,288,000 after buying an additional 40,445 shares during the period. Glen Harbor Capital Management LLC boosted its stake in Chimera Investment Corporation by 266.7% in the first quarter. Glen Harbor Capital Management LLC now owns 39,248 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 28,544 shares during the period. Sit Investment Associates Inc. boosted its stake in Chimera Investment Corporation by 143.6% in the first quarter. Sit Investment Associates Inc. now owns 9,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,600 shares during the period. Finally, IFC Holdings Incorporated FL boosted its stake in Chimera Investment Corporation by 37.3% in the first quarter. IFC Holdings Incorporated FL now owns 16,838 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 4,571 shares during the period. 55.30% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on CIM shares. Barclays PLC set a $17.00 target price on Chimera Investment Corporation and gave the company a “hold” rating in a research report on Monday, May 8th. Zacks Investment Research raised Chimera Investment Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised Chimera Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Finally, BidaskClub downgraded Chimera Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Chimera Investment Corporation has an average rating of “Hold” and a consensus target price of $17.75.

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Chimera Investment Corporation Company Profile

Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities.

Earnings History for Chimera Investment Corporation (NYSE:CIM)

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