Chimera Investment (CIM) Stock Forecast, Price & News

2 Wall Street equities 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 equities research analysts is that investors should "moderate buy" CIM shares.
View CIM analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12 month target prices for Chimera Investment's shares. Their CIM share price forecasts range from $5.50 to $7.00. On average, they anticipate the company's stock price to reach $6.25 in the next year. This suggests a possible upside of 7.4% 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 on January 1st, 2023. Since then, CIM stock has increased by 5.8% and is now trading at $5.82.
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Chimera Investment saw a decline in short interest in August. As of August 31st, there was short interest totaling 8,710,000 shares, a decline of 12.9% from the August 15th total of 10,000,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 3.9% of the company's shares are sold short.
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 earnings results on Thursday, May, 4th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 8.43% and a net margin of 0.58%. During the same quarter in the previous year, the company posted $0.39 EPS.

Chimera Investment declared a quarterly dividend on Thursday, August 3rd. Investors 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 yield of 12.37%. 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 announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 14th 2023, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 19% of its shares through open market purchases. Shares buyback plans are typically 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 a variety of institutional and retail investors. Top institutional investors 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%).
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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 $5.82.

Chimera Investment (NYSE:CIM) has a market capitalization of $1.32 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.