Chimera Investment (NYSE:CIM) Earns “Market Perform” Rating from JMP Securities

Chimera Investment (NYSE:CIM)‘s stock had its “market perform” rating reaffirmed by equities researchers at JMP Securities in a research note issued on Thursday,Benzinga reports.

Chimera Investment Stock Up 0.1 %

NYSE CIM traded up $0.01 during mid-day trading on Thursday, reaching $14.29. 13,022 shares of the company’s stock traded hands, compared to its average volume of 459,345. Chimera Investment has a 1-year low of $11.28 and a 1-year high of $16.89. The company has a fifty day simple moving average of $14.48 and a 200-day simple moving average of $14.95. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 3.93. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 4.33 and a beta of 1.70.

Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $195.30 million during the quarter, compared to the consensus estimate of $69.90 million. Chimera Investment had a return on equity of 7.69% and a net margin of 46.48%. During the same period last year, the business posted $0.39 EPS. As a group, equities research analysts expect that Chimera Investment will post 1.47 EPS for the current year.

Insider Activity

In related news, CIO Jack Lee Macdowell, Jr. bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $14.70 per share, for a total transaction of $735,000.00. Following the acquisition, the executive now directly owns 50,000 shares of the company’s stock, valued at $735,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CIM. Barclays PLC boosted its position in Chimera Investment by 301.6% during the third quarter. Barclays PLC now owns 183,295 shares of the real estate investment trust’s stock valued at $2,901,000 after purchasing an additional 137,655 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Chimera Investment by 67.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,621 shares of the real estate investment trust’s stock worth $2,337,000 after buying an additional 59,380 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chimera Investment by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,859,330 shares of the real estate investment trust’s stock worth $29,439,000 after buying an additional 32,835 shares during the last quarter. Cadent Capital Advisors LLC lifted its position in shares of Chimera Investment by 12.9% in the third quarter. Cadent Capital Advisors LLC now owns 266,171 shares of the real estate investment trust’s stock worth $4,213,000 after buying an additional 30,393 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Chimera Investment by 46.2% in the third quarter. Natixis Advisors LLC now owns 85,996 shares of the real estate investment trust’s stock worth $1,361,000 after buying an additional 27,190 shares during the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

About Chimera Investment

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.