Chimera Investment Corporation (CIM)
| Market Cap | 1.16B |
| Revenue (ttm) | 442.34M |
| Net Income (ttm) | 270.71M |
| Shares Out | 80.88M |
| EPS (ttm) | 3.36 |
| PE Ratio | 4.28 |
| Forward PE | 8.75 |
| Dividend | $1.48 (10.29%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 577,233 |
| Open | 13.96 |
| Previous Close | 14.11 |
| Day's Range | 13.88 - 14.54 |
| 52-Week Range | 11.29 - 16.89 |
| Beta | 1.77 |
| Analysts | Hold |
| Price Target | 16.00 (+11.27%) |
| Earnings Date | Feb 12, 2025 |
About CIM
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. It invests in investment grade, non-investment grade, and non-rated c... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to one analyst, the rating for CIM stock is "Hold" and the 12-month stock price forecast is $16.0.
News
Chimera Declares Fourth Quarter 2024 Common Stock Dividend
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on ...
A Preferred Share Worth Scrutinizing From Chimera
CIM-A's 8% coupon rate and 8.6% strip yield are overshadowed by limited upside and better alternatives, making it an unattractive investment above $23.20. The potential upside for CIM-A is capped at a...
Preferred Stock Of Chimera Is Reasonably Valued, Despite Its Outsized Return
I recommended Chimera Investment Corporation's preferred stock for its 10% dividend yield and wide margin of safety, resulting in a 46% total return since April 2023. With inflation cooling and intere...
Chimera Investment Corporation Completes Acquisition of Palisades Group
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) announced today that it has completed the previously announced acquisition of Palisades Group (“Palisades”), a U.S.-ba...
Select High Yield Preferreds Remain Opportunistically Priced
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Des...
Chimera Investment: Turnaround In Progress
The third quarter showed positive financial metrics, but earnings did not cover the dividend, reflecting ongoing challenges. Chimera's recent acquisition of an alternative asset manager and leadership...
Chimera Appoints New Independent Board Member Cynthia B. Walsh
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Cynthia B. Walsh has been elected to the Company's Board of Directors as a Class ...
Chimera Investment Corporation (CIM) Q3 2024 Earnings Call Transcript
Chimera Investment Corporation (NYSE:CIM) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets and IR Phil Kardis - President and C...
Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The ...
CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2024. Financial Highlights(1): 3RD QUARTER GAAP NET...
Encouraging Signs For Mortgage REITs
Mortgage REITs (mREITs) are becoming more attractive due to reduced RMBS spreads, alleviated negative convexity, lower cost of capital, and a positive carry from an uninverted yield curve. The macro e...
Chimera Investment Corporation (NYSE: CIM) (“Chimera”) Announces Definitive Agreement to Acquire Palisades Group
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) today announced that it has entered into a definitive agreement to acquire Palisades Group (“Palisades”), a U.S.-based...
Chimera: 10% Yield, 2 Dividend Hikes, 29% BV Discount
Chimera Investment Corporation completed a 1-for-3 stock split and benefits from the central bank's push for lower short-term interest rates. CIM raised its dividend twice in 2024, resulting in a lead...
Chimera Investment Corporation Announces Date of Third Quarter 2024 Financial Results and Conference Call
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the quarter ended September 30, 2024, on Wednes...
Chimera Integrations Named SDM's 2024 Integrator of the Year, Leading the Security Industry in Innovation, Community, and Growth
SYRACUSE, N.Y.--(BUSINESS WIRE)-- #Security--Chimera Integrations named SDM's 2024 Integrator of the Year for leadership in tech innovation, community impact, and rapid growth.
5 Shares Yielding 8% To 11%
We've got 5 shares in here plus a bonus. It's like 6, but easier to click. Some of these deals look better than others. Ex-dividend dates are coming up pretty soon for a few of them.
Chimera Increases Third Quarter 2024 Common Stock Dividends to $0.37
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on O...
Chimera Integrations Expands Operations, Opens New Office in Syracuse NY, Celebrates Awards
SYRACUSE, N.Y.--(BUSINESS WIRE)-- #Security--Chimera Integrations opens new Syracuse HQ, highlighted by its rankings on Inc 5000 and SDM 100, emphasizing robust growth and community focus.
New Preferred Stock And Exchange Traded Debt IPOs, August 2024
Angel Oak Mortgage REIT, Valley National Bancorp, and Chimera Investment Corporation have introduced new fixed-income offerings with attractive yields and potential early redemption options. Investors...
Lanny's Stock Sales Through June 30, 2024
I sold Chimera. They were an underperforming REIT, even on their best days. I actually have received total proceeds of $10,967 and have recognized a total gain of $1,090.40. Warner Bro. Discovery, as ...
Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $74.75 million aggrega...
10% Or Higher Dividend Yields
BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred shar...
Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change
Fed speculation leads to increased market volatility and interest rate reductions. CIM preferred stocks pricing remains stable despite bond market rally. Active monitoring and readiness for interest r...