Chimera Investment (CIM) Earning Somewhat Favorable Media Coverage, Analysis Finds

News headlines about Chimera Investment (NYSE:CIM) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chimera Investment earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2552422246337 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s analysis:

Shares of Chimera Investment (NYSE:CIM) opened at $17.74 on Friday. The firm has a market cap of $3,330.00, a P/E ratio of 6.80 and a beta of 0.66. Chimera Investment has a twelve month low of $15.77 and a twelve month high of $20.90. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.02 and a current ratio of 0.02.

Chimera Investment (NYSE:CIM) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $157.75 million for the quarter, compared to analyst estimates of $148.90 million. Chimera Investment had a net margin of 46.07% and a return on equity of 12.92%. During the same quarter in the prior year, the firm earned $0.65 EPS. analysts forecast that Chimera Investment will post 2.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Thursday, March 29th. Chimera Investment’s payout ratio is 76.63%.

A number of research firms recently weighed in on CIM. ValuEngine lowered shares of Chimera Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Chimera Investment in a report on Friday, February 16th. Deutsche Bank raised shares of Chimera Investment from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Chimera Investment from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group raised shares of Chimera Investment from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $18.01 to $19.00 in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.75.

In related news, CIO Mohit Marria purchased 3,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were purchased at an average price of $25.82 per share, with a total value of $77,460.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.65% of the stock is owned by corporate insiders.

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About Chimera Investment

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.

Insider Buying and Selling by Quarter for Chimera Investment (NYSE:CIM)

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