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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
A man fatally stabbed 4 family members before police shot and killed him; 2 officers injured
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
A man fatally stabbed 4 family members before police shot and killed him; 2 officers injured
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
New CBOE “special perk” helps traders target income every weekend (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
A man fatally stabbed 4 family members before police shot and killed him; 2 officers injured
All the trading advice you’ve ever received boils down to this (Ad)
Lacking counselors, US schools turn to the booming business of online therapy

Chimera Investment Stock Price, News & Analysis (NYSE:CIM)

$5.36
+0.15 (+2.88%)
(As of 12/1/2023 ET)
Compare
Today's Range
$5.16
$5.41
50-Day Range
$4.52
$5.75
52-Week Range
$4.45
$7.81
Volume
3.00 million shs
Average Volume
1.32 million shs
Market Capitalization
$1.22 billion
P/E Ratio
10.31
Dividend Yield
13.43%
Price Target
$6.25

Chimera Investment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.6% Upside
$6.25 Price Target
Short Interest
Healthy
2.90% 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
1.96%
From $0.51 to $0.52 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Finance Sector

172nd out of 853 stocks

Real Estate Investment Trusts Industry

29th out of 178 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q3 2023 Chimera Investment Corp Earnings Call
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Chimera Investment Corp. Q3 Loss Narrows
Abu Dhabi Royal’s Firm Sets Up $50 Billion Investing Force
Chimera Investment Turns To Profit In Q2; Adj. EPS Misses Estimates
See More Headlines
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Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Today
12/03/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/31/2024
Next Earnings (Estimated)
2/21/2024

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 Target
$6.25
High Stock Price Target
$7.00
Low Stock Price Target
$5.50
Potential Upside/Downside
+16.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-513,070,000.00
Pretax Margin
25.04%

Debt

Sales & Book Value

Annual Sales
$773.12 million
Cash Flow
$1.73 per share
Book Value
$11.00 per share

Miscellaneous

Free Float
225,084,000
Market Cap
$1.22 billion
Optionable
Optionable
Beta
1.63
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Key Executives

  • Mr. Phillip John Kardis II (Age 62)
    Esq., CEO & Director
    Comp: $4.48M
  • Mr. Choudhary A. Yarlagadda (Age 61)
    President, 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
    Corporate Secretary & Associate General Counsel
  • Victor Falvo
    Head of Capital Markets














CIM Stock Analysis - Frequently Asked Questions

Should I buy or sell Chimera Investment stock right now?

2 Wall Street 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 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 target for 2024?

2 brokers have issued 1-year target prices for Chimera Investment's stock. Their CIM share price targets range from $5.50 to $7.00. On average, they expect the company's share price to reach $6.25 in the next twelve months. This suggests a possible upside of 16.6% 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 on January 1st, 2023. Since then, CIM stock has decreased by 2.5% and is now trading at $5.36.
View the best growth stocks for 2023 here
.

Are investors shorting Chimera Investment?

Chimera Investment saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 6,430,000 shares, a drop of 11.4% from the October 31st total of 7,260,000 shares. Based on an average trading volume of 1,880,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.9% of the company's stock 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 Wednesday, February 21st 2024.
View our CIM earnings forecast
.

How were Chimera Investment's earnings last quarter?

Chimera Investment Co. (NYSE:CIM) issued its earnings results on Thursday, May, 4th. The real estate investment trust reported $0.13 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 analysts' expectations of $86.60 million. Chimera Investment had a net margin of 25.07% and a trailing twelve-month return on equity of 7.26%. During the same period last year, the company earned $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. Stockholders 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 8.21%. The ex-dividend date of this dividend 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 $0.72 per share and currently has a dividend yield of 13.43%. CIM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 138.46%. 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 138.46% 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 of Directors has initiated a stock buyback plan on Wednesday, June 14th 2023, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares repurchase plans are generally a sign 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?
Who are Chimera Investment's major shareholders?

Chimera Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Leeward Investments LLC MA (1.25%), Northern Trust Corp (1.09%), Charles Schwab Investment Management Inc. (1.06%), Invesco Ltd. (0.99%), Advisors Asset Management Inc. (0.80%) and Mirae Asset Global Investments Co. Ltd. (0.62%).
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.

This page (NYSE:CIM) was last updated on 12/3/2023 by MarketBeat.com Staff

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