Headlines about Chimera Investment (NYSE:CIM) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chimera Investment earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.0943010425794 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Chimera Investment Corporation (CIM) moved -2.63% – Red Stock of the Month – The Stocks News (press release) (thestocksnews.com)
- Today’s Hot Stock Under Review – Chimera Investment Corporation (NYSE: CIM) – Alpha Beta Stock (alphabetastock.com)
- Chimera Investment Co. (CIM) CIO Buys $77,460.00 in Stock (americanbankingnews.com)
- Chief Investment Officer of Chimera Investment Corp (NYSE:CIM), Marria Mohit, buys 3,000 shares worth $77,460 (empowerednews.net)
- Chimera Investment (CIM) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
CIM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 price target on shares of Chimera Investment in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Chimera Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Chimera Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Finally, Barclays set a $18.00 price target on shares of Chimera Investment and gave the company a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Chimera Investment presently has an average rating of “Hold” and an average price target of $18.83.
Chimera Investment (NYSE:CIM) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $156.46 million for the quarter, compared to the consensus estimate of $150.29 million. Chimera Investment had a net margin of 58.21% and a return on equity of 13.29%. Chimera Investment’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. equities analysts anticipate that Chimera Investment will post 2.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a $0.50 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.04%. Chimera Investment’s dividend payout ratio is 61.54%.
In other news, CIO Mohit Marria purchased 3,000 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $77,460.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.
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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.
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