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NYSE:CIM

Chimera Investment - CIM Stock Forecast, Price & News

$7.27
+0.23 (+3.27%)
(As of 01/31/2023 12:40 PM ET)
Add
Compare
Today's Range
$7.11
$7.30
50-Day Range
$5.50
$7.16
52-Week Range
$4.91
$14.52
Volume
1.28 million shs
Average Volume
1.61 million shs
Market Capitalization
$1.68 billion
P/E Ratio
N/A
Dividend Yield
12.85%
Price Target
$7.83

Chimera Investment MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.6% Upside
$7.83 Price Target
Short Interest
Healthy
3.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.09
Upright™ Environmental Score
News Sentiment
0.78mentions of Chimera Investment in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.85%
From $1.22 to $0.99 Per Share

Overall MarketRank

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

1.81 out of 5 stars

Finance Sector

565th out of 897 stocks

Real Estate Investment Trusts Industry

122nd out of 190 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.

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CIM Stock News Headlines

Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
cim.p - | Stock Price & Latest News | Reuters
Chimera Investment's Debt Overview
Chimera Investment Corporation (CIM-PC)
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
Chimera Investment Stock Hits New 52-Week High (CIM)
Why Is Chimera's Dividend So High?
Chimera Declares Fourth Quarter 2022 Common Stock Dividend
CIM Chimera Investment Corporation
Notable Monday Option Activity: CIM, PII, TTWO
CIM.PC Chimera Investment Corporation 7.75% CUM PFD C
See More Headlines
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CIM Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 1/31 Dividend
12/29/2022
Today
1/31/2023
Dividend Payable
1/31/2023
Next Earnings (Estimated)
2/16/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
16934Q10
Employees
38
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.83
High Stock Price Forecast
$9.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$670.11 million
Pretax Margin
-73.51%

Debt

Sales & Book Value

Annual Sales
$937.55 million
Cash Flow
$2.50 per share
Book Value
$15.77 per share

Miscellaneous

Free Float
230,665,000
Market Cap
$1.68 billion
Optionable
Optionable
Beta
1.37

Key Executives

  • Phillip John Kardis
    Chief Executive Officer & Director
  • Choudhary Yarlagadda
    President, Chief Operating Officer & Director
  • Subramaniam Viswanathan
    Chief Financial Officer
  • Dan Thakkar
    Chief Investment Officer
  • Kelley Kortman
    Chief Accounting Officer













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 year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research 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 forecast for 2023?

2 analysts have issued twelve-month price objectives for Chimera Investment's shares. Their CIM share price forecasts range from $7.00 to $9.00. On average, they expect the company's stock price to reach $7.83 in the next twelve months. This suggests a possible upside of 11.3% 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 beginning of the year. Since then, CIM shares have increased by 28.0% and is now trading at $7.04.
View the best growth stocks for 2023 here
.

Are investors shorting Chimera Investment?

Chimera Investment saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,630,000 shares, a decrease of 20.8% from the December 31st total of 10,890,000 shares. Based on an average daily volume of 2,210,000 shares, the short-interest ratio is presently 3.9 days. Approximately 3.8% of the shares of the company 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, February 16th 2023.
View our CIM earnings forecast
.

How were Chimera Investment's earnings last quarter?

Chimera Investment Co. (NYSE:CIM) posted its earnings results on Thursday, November, 3rd. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. Chimera Investment had a positive trailing twelve-month return on equity of 13.06% and a negative net margin of 73.42%. During the same quarter last year, the firm earned $0.42 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, November 17th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.23 per share on Tuesday, January 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for CIM
.

Is Chimera Investment a good dividend stock?

Chimera Investment (NYSE:CIM) pays an annual dividend of $0.92 per share and currently has a dividend yield of 12.85%. 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.

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 a variety of retail and institutional investors. Top institutional shareholders include Natixis Advisors L.P. (0.10%), Strs Ohio (0.02%), Capital Investment Advisors LLC (0.02%), Allspring Global Investments Holdings LLC (0.01%), International Assets Investment Management LLC (0.01%) and Counterpoint Mutual Funds LLC (0.01%). Insiders that own company stock include Choudhary Yarlagadda, Kelley Kortman, Matthew Lambiase, Paul Donlin, Phillip John Kardis II and Robert S Colligan.
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 $7.04.

How much money does Chimera Investment make?

Chimera Investment (NYSE:CIM) has a market capitalization of $1.63 billion and generates $937.55 million in revenue each year. The real estate investment trust earns $670.11 million in net income (profit) each year or ($2.83) 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 (212) 626-2300, via email at investor@chimerareit.com, or via fax at 212-696-9809.

This page (NYSE:CIM) was last updated on 1/31/2023 by MarketBeat.com Staff