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NYSE:CIM

Chimera Investment (CIM) Stock Price, News & Analysis

$11.80
+0.44 (+3.87%)
(As of 06/12/2024 ET)
Today's Range
$11.67
$12.01
50-Day Range
$11.38
$39.18
52-Week Range
$11.28
$19.47
Volume
777,545 shs
Average Volume
615,746 shs
Market Capitalization
$949.83 million
P/E Ratio
7.71
Dividend Yield
11.18%
Price Target
$16.50

Chimera Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
39.9% Upside
$16.50 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.09
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
22.70%
From $1.41 to $1.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.55 out of 5 stars

Finance Sector

157th out of 860 stocks

Real Estate Investment Trusts Industry

23rd out of 175 stocks

CIM stock logo

About Chimera Investment Stock (NYSE:CIM)

Chimera Investment Corporation operates as an internally-managed real estate investment trust (REIT) in the United States. The company was incorporated in 2007 with the purpose of investing in mortgage loans, asset securitization, and mortgage-backed securities.

Chimere Investment Corporation is based in New York, New York, trades on the New York Stock Exchange, and works to provide attractive risk-adjusted returns via dividends and capital preservation. As of late 2022, the company had more than $3 billion in capitalization including common and preferred stock, and had paid more than $5.8 billion in dividends.

The company has elected to be taxed as a REIT which is a tax-sheltered vehicle for real estate investment. As such, the company must invest at least 75% of its assets in real estate and return 90% of its taxable income to shareholders in the form of dividends. The only drawback is that shareholders are responsible for income taxes on the earnings.

The company’s strategy is to invest in a portfolio of mortgage assets, including residential mortgage loans, agency, and non-agency residential mortgage-backed securities, and agency commercial mortgage-backed securities. Income is generated by the net spread between the income earned on investments and the costs of financing.

Chimera Investment Corporation finances its operations through secured pools of residential and commercial mortgage loans and by leveraging other real estate-related securities as well. The strategy not only provides a stable source of financing but also provides the flexibility to enhance returns or mitigate risk as necessary.

One risk of Chimera Investment Corporation is its exposure to US credit risk retention rules. These rules limit the company’s ability to sell or hedge a large portion of its RMBS portfolio which means it may have to hold some assets it would otherwise sell. In regard to portfolio diversification, RMBS historically make up about 11% of the portfolio while securitized loans comprise 80% to 90% of total holdings.

Chimera Investment Corporation investors may participate in a share repurchase plan as well. Investors of Record can participate directly in the plan while Beneficial Owners may request their shares be transferred to the agent of record and become Investors of Record.

CIM Stock Price History

CIM Stock News Headlines

Q1 2024 Chimera Investment Corp Earnings Call
Chimera Investment Q1 Net Income Rises
Here's what to expect from Chimera Investment's earnings
Chimera Investment Corporation (CIM)
Chimera Investment Corp's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 4/30 Dividend
4/05/2024
Dividend Payable
4/30/2024
Today
6/12/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
16934Q10
Employees
39
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.50
High Stock Price Target
$16.50
Low Stock Price Target
$16.50
Potential Upside/Downside
+39.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$126.10 million
Pretax Margin
25.75%

Debt

Sales & Book Value

Annual Sales
$772.90 million
Cash Flow
$3.28 per share
Book Value
$33.85 per share

Miscellaneous

Free Float
79,733,000
Market Cap
$948.62 million
Optionable
Optionable
Beta
1.70
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Key Executives

  • Mr. Phillip John Kardis II (Age 63)
    Esq., President, CEO & Director
    Comp: $4.48M
  • Mr. Subramaniam Viswanathan (Age 51)
    CFO & Principal Accounting Officer
    Comp: $3.02M
  • Mr. Dan Thakkar
    Chief Investment Officer
  • Ms. Emily Mohr
    Investor Relations Officer
  • Ms. Miyun Sung J.D. (Age 48)
    Chief Legal Officer & Secretary
  • Victor Falvo
    Head of Capital Markets

CIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Chimera Investment stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chimera Investment in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CIM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIM, but not buy additional shares or sell existing shares.
View CIM analyst ratings
or view top-rated stocks.

What is Chimera Investment's stock price target for 2024?

1 Wall Street analysts have issued 12-month price objectives for Chimera Investment's shares. Their CIM share price targets range from $16.50 to $16.50. On average, they anticipate the company's share price to reach $16.50 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for CIM
or view top-rated stocks among Wall Street analysts.

How have CIM shares performed in 2024?

Chimera Investment's stock was trading at $14.97 at the beginning of the year. Since then, CIM shares have decreased by 21.2% and is now trading at $11.79.
View the best growth stocks for 2024 here
.

Are investors shorting Chimera Investment?

Chimera Investment saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,330,000 shares, a drop of 62.8% from the April 30th total of 3,580,000 shares. Based on an average daily volume of 583,700 shares, the short-interest ratio is presently 2.3 days. Currently, 1.7% of the company's stock are sold short.
View Chimera Investment's Short Interest
.

When is Chimera Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our CIM earnings forecast
.

How were Chimera Investment's earnings last quarter?

Chimera Investment Co. (NYSE:CIM) released its earnings results on Thursday, May, 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by $0.09. The real estate investment trust had revenue of $189.25 million for the quarter, compared to the consensus estimate of $86.60 million. Chimera Investment had a net margin of 25.73% and a trailing twelve-month return on equity of 7.46%. During the same quarter last year, the business earned $1.17 EPS.

How often does Chimera Investment pay dividends? What is the dividend yield for Chimera Investment?

Chimera Investment declared a quarterly dividend on Thursday, March 28th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.33 per share on Tuesday, April 30th. This represents a $1.32 annualized dividend and a yield of 11.20%. The ex-dividend date is Friday, April 5th. This is a positive change from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for CIM
.

Is Chimera Investment a good dividend stock?

Chimera Investment (NYSE:CIM) pays an annual dividend of $1.32 per share and currently has a dividend yield of 11.50%. CIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CIM will have a dividend payout ratio of 76.30% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CIM.

What ETFs hold Chimera Investment's stock?

ETFs with the largest weight of Chimera Investment (NYSE:CIM) stock in their portfolio include AXS Real Estate Income ETF (RINC), WisdomTree Alternative Income Fund (HYIN) and VanEck Mortgage REIT Income ETF (MORT).iShares Mortgage Real Estate ETF (REM).

When did Chimera Investment's stock split?

Chimera Investment shares reverse split on Wednesday, May 22nd 2024. The 1-3 reverse split was announced on Wednesday, May 22nd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, May 22nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

How will Chimera Investment's stock buyback program work?

Chimera Investment declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 14th 2023, which authorizes the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

What is Matthew Lambiase's approval rating as Chimera Investment's CEO?

3 employees have rated Chimera Investment Chief Executive Officer Matthew Lambiase on Glassdoor.com. Matthew Lambiase has an approval rating of 100% among the company's employees. This puts Matthew Lambiase in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Chimera Investment own?
Who are Chimera Investment's major shareholders?

Chimera Investment's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.57%), Leeward Investments LLC MA (1.14%), Advisors Asset Management Inc. (0.88%), Van ECK Associates Corp (0.63%), Mirae Asset Global Investments Co. Ltd. (0.60%) and Cadent Capital Advisors LLC (0.26%).
View institutional ownership trends
.

How do I buy shares of Chimera Investment?

Shares of CIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CIM) was last updated on 6/12/2024 by MarketBeat.com Staff

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