QQQ   354.21 (-1.50%)
AAPL   171.96 (-2.34%)
MSFT   312.14 (-1.70%)
META   298.96 (-0.62%)
GOOGL   128.57 (-1.94%)
AMZN   125.98 (-4.03%)
TSLA   244.12 (-1.16%)
NVDA   419.11 (-0.74%)
NIO   8.40 (+0.60%)
BABA   85.88 (-1.54%)
AMD   95.96 (-1.46%)
T   15.02 (-0.27%)
F   12.44 (-1.11%)
MU   67.94 (-0.93%)
CGC   0.92 (-2.12%)
GE   109.94 (-1.59%)
DIS   80.04 (-1.20%)
AMC   7.92 (-2.82%)
PFE   32.37 (-1.85%)
PYPL   58.93 (+0.12%)
NFLX   379.25 (-1.44%)
QQQ   354.21 (-1.50%)
AAPL   171.96 (-2.34%)
MSFT   312.14 (-1.70%)
META   298.96 (-0.62%)
GOOGL   128.57 (-1.94%)
AMZN   125.98 (-4.03%)
TSLA   244.12 (-1.16%)
NVDA   419.11 (-0.74%)
NIO   8.40 (+0.60%)
BABA   85.88 (-1.54%)
AMD   95.96 (-1.46%)
T   15.02 (-0.27%)
F   12.44 (-1.11%)
MU   67.94 (-0.93%)
CGC   0.92 (-2.12%)
GE   109.94 (-1.59%)
DIS   80.04 (-1.20%)
AMC   7.92 (-2.82%)
PFE   32.37 (-1.85%)
PYPL   58.93 (+0.12%)
NFLX   379.25 (-1.44%)
QQQ   354.21 (-1.50%)
AAPL   171.96 (-2.34%)
MSFT   312.14 (-1.70%)
META   298.96 (-0.62%)
GOOGL   128.57 (-1.94%)
AMZN   125.98 (-4.03%)
TSLA   244.12 (-1.16%)
NVDA   419.11 (-0.74%)
NIO   8.40 (+0.60%)
BABA   85.88 (-1.54%)
AMD   95.96 (-1.46%)
T   15.02 (-0.27%)
F   12.44 (-1.11%)
MU   67.94 (-0.93%)
CGC   0.92 (-2.12%)
GE   109.94 (-1.59%)
DIS   80.04 (-1.20%)
AMC   7.92 (-2.82%)
PFE   32.37 (-1.85%)
PYPL   58.93 (+0.12%)
NFLX   379.25 (-1.44%)
QQQ   354.21 (-1.50%)
AAPL   171.96 (-2.34%)
MSFT   312.14 (-1.70%)
META   298.96 (-0.62%)
GOOGL   128.57 (-1.94%)
AMZN   125.98 (-4.03%)
TSLA   244.12 (-1.16%)
NVDA   419.11 (-0.74%)
NIO   8.40 (+0.60%)
BABA   85.88 (-1.54%)
AMD   95.96 (-1.46%)
T   15.02 (-0.27%)
F   12.44 (-1.11%)
MU   67.94 (-0.93%)
CGC   0.92 (-2.12%)
GE   109.94 (-1.59%)
DIS   80.04 (-1.20%)
AMC   7.92 (-2.82%)
PFE   32.37 (-1.85%)
PYPL   58.93 (+0.12%)
NFLX   379.25 (-1.44%)
NYSE:CIM

Chimera Investment (CIM) Stock Forecast, Price & News

$5.66
-0.08 (-1.39%)
(As of 09/26/2023 ET)
Compare
Today's Range
$5.61
$5.73
50-Day Range
$5.51
$6.39
52-Week Range
$4.48
$7.81
Volume
2.35 million shs
Average Volume
2.00 million shs
Market Capitalization
$1.28 billion
P/E Ratio
N/A
Dividend Yield
12.71%
Price Target
$6.25

Chimera Investment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.3% Upside
$6.25 Price Target
Short Interest
Healthy
3.93% 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
30.00%
From $0.50 to $0.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Finance Sector

536th out of 834 stocks

Real Estate Investment Trusts Industry

114th out of 178 stocks


CIM stock logo

About Chimera Investment (NYSE:CIM) Stock

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 Price History

CIM Stock News Headlines

Abu Dhabi Royal’s Firm Sets Up $50 Billion Investing Force
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Chimera Investment Turns To Profit In Q2; Adj. EPS Misses Estimates
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Chimera: Avoid This Habitual Dividend Cutter
What 5 Analyst Ratings Have To Say About Chimera Investment
See More Headlines
Receive CIM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chimera Investment and its competitors with MarketBeat's FREE daily newsletter.

CIM Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Today
9/26/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$6.25
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$5.50
Forecasted Upside/Downside
+10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-513,070,000.00
Pretax Margin
0.55%

Debt

Sales & Book Value

Annual Sales
$773.12 million
Cash Flow
$1.65 per share
Book Value
$11.51 per share

Miscellaneous

Free Float
225,071,000
Market Cap
$1.29 billion
Optionable
Optionable
Beta
1.58
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. Phillip John Kardis II (Age 62)
    Esq., CEO & Director
    Comp: $4.48M
  • Mr. Choudhary A. Yarlagadda (Age 61)
    Pres, COO, Co-Chief Investment Officer & Director
    Comp: $5.27M
  • Mr. Subramaniam Viswanathan (Age 51)
    Chief Financial Officer
    Comp: $3.02M
  • Mr. Dan Thakkar
    Co-Chief Investment Officer
  • Mr. Kelley Kortman (Age 52)
    Chief Accounting Officer
  • Ms. Emily Mohr
    Investor Relations Officer
  • Fei Wang
    Corp. Sec. & Associate Gen. Counsel
  • Victor Falvo
    Head of Capital Markets













CIM Stock - Frequently Asked Questions

Should I buy or sell Chimera Investment stock right now?

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.
View CIM analyst ratings
or view top-rated stocks.

What is Chimera Investment's stock price forecast for 2023?

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.

How have CIM shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Chimera Investment?

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
.

When is Chimera Investment's next earnings date?

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

How were Chimera Investment's earnings last quarter?

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.

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

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
.

Is Chimera Investment a good dividend stock?

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.

How will Chimera Investment's stock buyback program work?

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.

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?
What is Chimera Investment's stock symbol?

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

Who are Chimera Investment's major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Chimera Investment's stock price today?

One share of CIM stock can currently be purchased for approximately $5.68.

How much money does Chimera Investment make?

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.

How can I contact Chimera Investment?

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.

This page (NYSE:CIM) was last updated on 9/26/2023 by MarketBeat.com Staff

My Account -