Chimera Investment (CIM) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chimera Investment in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CIM shares.
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2 brokers have issued 1-year price targets for Chimera Investment's stock. Their CIM share price forecasts range from $5.50 to $7.00. On average, they expect the company's stock price to reach $6.25 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for CIM or view top-rated stocks among Wall Street analysts.

Chimera Investment's stock was trading at $5.50 at the start of the year. Since then, CIM stock has increased by 3.3% and is now trading at $5.68.
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Chimera Investment saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 8,710,000 shares, a drop of 12.9% from the August 15th total of 10,000,000 shares. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 3.9% of the company's shares are short sold.
View Chimera Investment's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CIM earnings forecast.

Chimera Investment Co. (NYSE:CIM) issued 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 had revenue of $189.25 million for the quarter, compared to analyst estimates of $86.60 million. Chimera Investment had a net margin of 0.58% and a trailing twelve-month return on equity of 8.43%. During the same quarter in the previous year, the company posted $0.39 earnings per share.

Chimera Investment declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.18 per share on Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.68%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CIM.

ETFs with the largest weight of Chimera Investment (NYSE:CIM) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), WisdomTree Alternative Income Fund (HYIN) and Hoya Capital High Dividend Yield ETF (RIET).Global X SuperDividend ETF (SDIV).

Chimera Investment (NYSE:CIM) pays an annual dividend of $0.72 per share and currently has a dividend yield of 12.37%. CIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CIM.

Chimera Investment declared that its Board of Directors has initiated 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 board of directors believes its stock is undervalued.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chimera Investment investors own include New Residential Investment (NRZ), Annaly Capital Management (NLY), Marathon Oil (MRO), AGNC Investment (AGNC), Energy Transfer (ET), AT&T (T), ARMOUR Residential REIT (ARR), New York Mortgage Trust (NYMT), Enterprise Products Partners (EPD) and NGL Energy Partners (NGL).

Chimera Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIM."

Chimera Investment's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.87%), State Street Corp (2.37%), Geode Capital Management LLC (2.03%), Leeward Investments LLC MA (1.10%), Northern Trust Corp (1.08%) and Charles Schwab Investment Management Inc. (1.01%).
View institutional ownership trends.

Shares of CIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CIM stock can currently be purchased for approximately $5.68.

Chimera Investment (NYSE:CIM) has a market capitalization of $1.29 billion and generates $773.12 million in revenue each year. The real estate investment trust earns $-513,070,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis.

Chimera Investment's mailing address is 520 MADISON AVENUE 32ND FLOOR, NEW YORK NY, 10022. The official website for the company is www.chimerareit.com. The real estate investment trust can be reached via phone at (888) 895-6557, via email at investor@chimerareit.com, or via fax at 212-696-9809.