News headlines about Chimera Investment (NYSE:CIM) have been trending somewhat positive recently, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chimera Investment earned a daily sentiment score of 0.17 on Alpha One’s scale. Alpha One also assigned news coverage about the real estate investment trust an impact score of 60 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Alpha One Sentiment’s rankings:
- Chimera Investment Co. (CIM) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Chimera Investment Co. (CIM) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Chimera Investment Shares Up 25.7% Since SmarTrend’s Buy Recommendation (CIM) (mysmartrend.com)
- Chimera Investment (CIM) Earning Positive Press Coverage, Study Finds (americanbankingnews.com)
- Chimera Investment Corporation Announces Date of First Quarter 2017 Financial Results and Conference Call (finance.yahoo.com)
CIM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Chimera Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Wells Fargo & Co upgraded shares of Chimera Investment from an “underperform” rating to a “market perform” rating in a research report on Thursday, February 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Chimera Investment currently has a consensus rating of “Hold” and a consensus target price of $17.42.
Chimera Investment (NYSE:CIM) traded up 0.20% during trading on Friday, hitting $20.50. 808,528 shares of the stock were exchanged. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 7.02 and a beta of 0.74. Chimera Investment has a 1-year low of $13.82 and a 1-year high of $20.90. The company has a 50-day moving average price of $19.93 and a 200 day moving average price of $17.72.
Chimera Investment (NYSE:CIM) last posted its earnings results on Tuesday, February 14th. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Chimera Investment had a return on equity of 14.60% and a net margin of 50.90%. The company had revenue of $154.10 million for the quarter, compared to the consensus estimate of $148.08 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts predict that Chimera Investment will post $2.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, March 29th will be given a $0.50 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $2.00 dividend on an annualized basis and a yield of 9.78%. Chimera Investment’s dividend payout ratio is currently 84.75%.
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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