The real estate industry closed the day down 2.3%. Pacific Office Properties Trust Inc ( PCE), ZipRealty Inc ( ZIPR), China Housing & Land Development Inc ( CHLN), and American Capital Mortgage Investment ( MTGE) were all winners today within the real estate industry with Chimera Investment Corporation ( CIM) being today's featured real estate winner. Chimera Investment Corporation rose 3 cents (1.1%) to $2.87 on light volume. Throughout the day, 9.1 million shares of Chimera Investment Corporation exchanged hands as compared to its average daily volume of 15 million shares. Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. Chimera Investment Corporation has a market cap of $2.9 billion and is part of the financial sector. The company has a P/E ratio of 4.9, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 30.9% year to date as of the close of trading on Friday. TheStreet Ratings rates Chimera Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself.
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