Chimera Investment Corp (NYSE: CIM) Could Achieve Gains In The Near Future

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Chimera Declares First Quarter 2024 Preferred Stock Dividends.

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Stocks Info

CIM belongs to the Real Estate sector of the NYSE while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $4.54 and fluctuated between $4.5600 as its day high and $4.4500 as its day low. The current market capitalization of Chimera Investment Corp is $1.10B. A total of 1.29 million shares were traded on the day, compared to an average of 2.05M shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Chimera Investment Corp pays an annual dividend of $0.70, resulting in a dividend yield of 15.42%, and it has a price to earnings (P/E) ratio of 20.56. CIM’s most recent ex-dividend date was 12/28/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 1/31/2024. Previously, the company paid the dividend on 10/31/2023 with an ex-dividend date of 9/28/2023. The CIM stock dividend was $0.18 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CIM has a high of $6.49 and a low of $4.17.

As of this writing, CIM has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.27 per share and a lower estimate of $0.12. The company reported an EPS of $0.13 in the last quarter, which was -27.80% lower than expectations of $0.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $6.75, while its Total Shareholder’s Equity was $3.74B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIM is Buy with a score of 3.20.

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