About Chimera Investment Corporation (NYSE:CIM)
Chimera Investment Corporation is a real estate investment trust (REIT). The company is engaged in the business of investing in a portfolio of mortgage assets, including agency residential mortgage-backed security (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), residential mortgage loans and real estate related securities. The Company's objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses to achieve this objective by investing in an investment portfolio of RMBS, agency CMBS, residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The MBS and real estate-related securities the Company purchases include investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes. It also invests in investment grade and non-investment grade RMBS.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: Mortgage REITs
- Symbol: NYSE:CIM
- CUSIP: 16934Q10
- Web: www.chimerareit.com
- Market Cap: $3.59413 billion
- Outstanding Shares: 187,781,000
- 50 Day Moving Avg: $19.10
- 200 Day Moving Avg: $19.06
- 52 Week Range: $15.25 - $20.90
Sales & Book Value:
- Trailing P/E Ratio: 5.46
- Foreward P/E Ratio: 7.75
- P/E Growth: -28.31
- Annual Revenue: $933.35 million
- Price / Sales: 3.82
- Book Value: $19.05 per share
- Price / Book: 1.00
- Annual Dividend: $2.00
- Dividend Yield: 10.5%
- Net Margins: 63.94%
- Return on Equity: 14.27%
- Return on Assets: 2.52%
- Debt-to-Equity Ratio: 2.73%
- Current Ratio: 0.04%
- Quick Ratio: 0.04%
- Average Volume: 940,463 shs.
- Beta: 0.88
- Short Ratio: 3.21
Frequently Asked Questions for Chimera Investment Corporation (NYSE:CIM)
What is Chimera Investment Corporation's stock symbol?
Chimera Investment Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIM."
How often does Chimera Investment Corporation pay dividends? What is the dividend yield for Chimera Investment Corporation?
Chimera Investment Corporation declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 29th will be given a dividend of $0.50 per share on Friday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date of this dividend is Thursday, September 28th. View Chimera Investment Corporation's Dividend History.
How were Chimera Investment Corporation's earnings last quarter?
Chimera Investment Corporation (NYSE:CIM) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $150.70 million for the quarter, compared to analyst estimates of $149.75 million. Chimera Investment Corporation had a net margin of 63.94% and a return on equity of 14.27%. The firm's revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. View Chimera Investment Corporation's Earnings History.
When will Chimera Investment Corporation make its next earnings announcement?
Where is Chimera Investment Corporation's stock going? Where will Chimera Investment Corporation's stock price be in 2017?
4 brokerages have issued 1 year target prices for Chimera Investment Corporation's stock. Their forecasts range from $18.00 to $20.00. On average, they expect Chimera Investment Corporation's share price to reach $18.83 in the next twelve months. View Analyst Ratings for Chimera Investment Corporation.
Who are some of Chimera Investment Corporation's key competitors?
Some companies that are related to Chimera Investment Corporation include Starwood Property Trust (STWD), New Residential Investment Corp. (NRZ), MFA Financial (MFA), Capital Trust (BXMT), INVESCO MORTGAGE CAPITAL INC (IVR), Apollo Commercial Real Estate Finance (ARI), CYS Investments (CYS), Redwood Trust (RWT), Ladder Capital Corp (LADR), PennyMac Mortgage Investment Trust (PMT), KKR Real Estate Finance Trust (KREF), Capstead Mortgage Corporation (CMO), American Capital Mortgage Investment Corp. (MTGE), iStar Financial (STAR), Granite Point Mortgage Trust (GPMT), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT) and Orchid Island Capital (ORC).
Who are Chimera Investment Corporation's key executives?
Chimera Investment Corporation's management team includes the folowing people:
- Matthew Lambiase, President, Chief Executive Officer, Director
- Robert S. Colligan, Chief Financial Officer
- Choudhary Yarlagadda, Chief Operating Officer
- Mohit Marria, Chief Investment Officer
- Phillip John Kardis II, Chief Legal Officer ,Secretary
- Paul Donlin, Non-Executive Independent Chairman of the Board
- Mark Abrams, Independent Director
- Gerard Creagh, Independent Director
- Paul A. Keenan, Independent Director
- Dennis M. Mahoney, Independent Director
Who owns Chimera Investment Corporation stock?
Chimera Investment Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Nationwide Fund Advisors (0.13%), Orinda Asset Management LLC (0.06%), Meeder Asset Management Inc. (0.03%) and Balasa Dinverno & Foltz LLC (0.02%). Company insiders that own Chimera Investment Corporation stock include Choudhary Yarlagadda, Mohit Marria and Paul Donlin. View Institutional Ownership Trends for Chimera Investment Corporation.
Who sold Chimera Investment Corporation stock? Who is selling Chimera Investment Corporation stock?
Who bought Chimera Investment Corporation stock? Who is buying Chimera Investment Corporation stock?
Chimera Investment Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Orinda Asset Management LLC and Balasa Dinverno & Foltz LLC. Company insiders that have bought Chimera Investment Corporation stock in the last two years include Choudhary Yarlagadda, Mohit Marria and Paul Donlin. View Insider Buying and Selling for Chimera Investment Corporation.
How do I buy Chimera Investment Corporation stock?
Shares of Chimera Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chimera Investment Corporation's stock price today?
MarketBeat Community Rating for Chimera Investment Corporation (NYSE CIM)MarketBeat's community ratings are surveys of what our community members think about Chimera Investment Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Chimera Investment Corporation stock can currently be purchased for approximately $18.98.
Consensus Ratings for Chimera Investment Corporation (NYSE:CIM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$18.83 (0.77% downside)|Consensus Price Target History for Chimera Investment Corporation (NYSE:CIM)
Analysts' Ratings History for Chimera Investment Corporation (NYSE:CIM)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/10/2017||Barclays PLC||Set Price Target||Hold||$17.00 -> $18.00||N/A|
|10/6/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$18.50||N/A|
|8/3/2017||Deutsche Bank AG||Boost Price Target||Hold||$19.00 -> $20.00||Low|
|2/16/2017||Wells Fargo & Company||Upgrade||Underperform -> Market Perform||N/A|
|9/9/2016||Credit Suisse Group||Reiterated Rating||Hold||$15.50||N/A|
|8/10/2016||Nomura||Reiterated Rating||Buy||$17.00 -> $18.00||N/A|
Earnings History for Chimera Investment Corporation (NYSE:CIM)Earnings History by Quarter for Chimera Investment Corporation (NYSE CIM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.63||$0.60||$149.75 million||$150.70 million||View||Listen|
|5/1/2017||Q1 2017||$0.58||$0.51||$140.90 million||$141.11 million||View||Listen|
|2/14/2017||Q416||$0.62||$0.65||$148.08 million||$154.10 million||View||N/A|
|11/1/2016||Q316||$0.57||$0.68||$131.60 million||$156.04 million||View||N/A|
|8/3/2016||Q216||$0.53||$0.51||$134.42 million||$137.87 million||View||N/A|
|5/2/2016||Q116||$0.53||$0.58||$138.20 million||$138.21 million||View||N/A|
|2/17/2016||Q415||$0.53||$0.53||$144.42 million||$137.00 million||View||Listen|
|11/3/2015||Q315||$0.55||$0.50||$160.30 million||$143.97 million||View||N/A|
|8/5/2015||Q215||$0.60||$0.53||$168.37 million||$149.76 million||View||N/A|
|5/11/2015||Q1||$0.59||$0.59||$164.40 million||$182.69 million||View||N/A|
|11/10/2014||Q314||$0.10||$0.11||$161.30 million||$151.47 million||View||N/A|
Earnings Estimates for Chimera Investment Corporation (NYSE:CIM)
2017 EPS Consensus Estimate: $2.00
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Chimera Investment Corporation (NYSE:CIM)
|Dividend Growth:||2.20% (3 Year Average)|
|Payout Ratio:||57.31% (Trailing 12 Months of Earnings) |
86.58% (Based on This Year's Estimates)
81.63% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Chimera Investment Corporation (NYSE CIM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Chimera Investment Corporation (NYSE:CIM)
Insider Ownership Percentage: 0.65%Insider Trades by Quarter for Chimera Investment Corporation (NYSE:CIM)
Institutional Ownership Percentage: 51.11%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/9/2016||Choudhary Yarlagadda||COO||Buy||2,305||$16.10||$37,110.50|| |
|2/29/2016||Choudhary Yarlagadda||COO||Buy||12,250||$13.08||$160,230.00|| |
|2/29/2016||Mohit Marria||CIO||Buy||15,000||$13.11||$196,650.00|| |
|2/29/2016||Paul Donlin||Director||Buy||20,000||$13.05||$261,000.00|| |
|12/14/2015||Paul Donlin||Director||Buy||30,000||$12.90||$387,000.00|| |
|8/15/2014||William B Dyer||Insider||Buy||15,000||$3.24||$48,600.00|| |
|8/14/2014||Mohit Marria||CIO||Buy||42,500||$3.21||$136,425.00|| |
|8/14/2014||Robert S Colligan||CFO||Buy||30,000||$3.21||$96,300.00|| |
|8/13/2014||Matthew Lambiase||CEO||Buy||100,000||$3.20||$320,000.00|| |
Headline Trends for Chimera Investment Corporation (NYSE:CIM)
Latest Headlines for Chimera Investment Corporation (NYSE:CIM)
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Chimera Investment Corporation (CIM) Chart for Tuesday, October, 24, 2017