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NYSE:CIM

Chimera Investment (CIM) Stock Price, News & Analysis

$4.38
+0.04 (+0.92%)
(As of 10:10 AM ET)
Today's Range
$4.32
$4.41
50-Day Range
$4.22
$5.33
52-Week Range
$4.17
$6.75
Volume
241,599 shs
Average Volume
1.97 million shs
Market Capitalization
$993.21 million
P/E Ratio
19.04
Dividend Yield
10.05%
Price Target
$6.00

Chimera Investment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
38.1% Upside
$6.00 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.09
Upright™ Environmental Score
News Sentiment
-0.14mentions of Chimera Investment in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
39.02%
From $0.41 to $0.57 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.

4.88 out of 5 stars

Finance Sector

31st out of 854 stocks

Real Estate Investment Trusts Industry

4th out of 179 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

Q4 2023 Chimera Investment Corp Earnings Call
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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Chimera Investment (CIM) Matches Q4 Earnings Estimates
Chimera Investment Corp. Bottom Line Declines In Q4
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Chimera Investment earnings preview: what Wall Street is expecting
Chimera Investment Corp.
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Q3 2023 Chimera Investment Corp Earnings Call
Chimera Investment Corp. Q3 Loss Narrows
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Today
2/22/2024
Next Earnings (Estimated)
5/02/2024
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
$6.00
High Stock Price Target
$7.00
Low Stock Price Target
$5.50
Potential Upside/Downside
+38.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$126.10 million
Pretax Margin
25.04%

Debt

Sales & Book Value

Annual Sales
$772.90 million
Cash Flow
$1.65 per share
Book Value
$11.51 per share

Miscellaneous

Free Float
225,084,000
Market Cap
$985.27 million
Optionable
Optionable
Beta
1.71
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Key Executives

  • Mr. Phillip John Kardis II (Age 63)
    Esq., CEO & Director
    Comp: $4.48M
  • Mr. Choudhary A. Yarlagadda (Age 62)
    President, COO, Co-Chief Investment Officer & Director
    Comp: $5.27M
  • Mr. Subramaniam Viswanathan (Age 52)
    Chief Financial Officer
    Comp: $3.02M
  • Mr. Dan Thakkar
    Co-Chief Investment Officer
  • Mr. Kelley Kortman (Age 53)
    Chief Accounting 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chimera Investment in the last twelve months. There are currently 2 hold ratings and 1 buy 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?

3 brokerages have issued 12-month target prices for Chimera Investment's shares. Their CIM share price targets range from $5.50 to $7.00. On average, they predict the company's share price to reach $6.00 in the next year. This suggests a possible upside of 38.1% 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 $4.99 at the beginning of the year. Since then, CIM shares have decreased by 12.9% and is now trading at $4.3450.
View the best growth stocks for 2024 here
.

Are investors shorting Chimera Investment?

Chimera Investment saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 2,770,000 shares, a decline of 12.9% from the January 15th total of 3,180,000 shares. Based on an average daily volume of 2,230,000 shares, the short-interest ratio is presently 1.2 days. Currently, 1.3% of the company's shares are short sold.
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, May 2nd 2024.
View our CIM earnings forecast
.

How were Chimera Investment's earnings last quarter?

Chimera Investment Co. (NYSE:CIM) released its quarterly earnings data on Thursday, May, 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.03. The real estate investment trust earned $189.25 million during the quarter, compared to the consensus estimate of $86.60 million. Chimera Investment had a net margin of 16.32% and a trailing twelve-month return on equity of 7.50%. During the same quarter in the previous year, the firm posted $0.39 EPS.

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

Chimera Investment announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 29th will be given a dividend of $0.11 per share on Wednesday, January 31st. This represents a $0.44 annualized dividend and a yield of 10.13%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for CIM
.

Is Chimera Investment a good dividend stock?

Chimera Investment (NYSE:CIM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 10.07%. CIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 191.30%. 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 77.19% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CIM.

How will Chimera Investment's stock buyback program work?

Chimera Investment declared that its board has initiated a stock repurchase plan on Wednesday, June 14th 2023, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 19% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.99%), Balyasny Asset Management L.P. (1.39%), Leeward Investments LLC MA (1.20%), Charles Schwab Investment Management Inc. (1.09%), Northern Trust Corp (1.01%) and Allianz Asset Management GmbH (0.73%).
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 2/22/2024 by MarketBeat.com Staff