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NYSE:CIM

Chimera Investment - CIM Stock Forecast, Price & News

$6.02
-0.54 (-8.23%)
(As of 09/26/2022 02:16 PM ET)
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Compare
Today's Range
$5.81
$6.51
50-Day Range
$6.56
$10.53
52-Week Range
$6.41
$16.85
Volume
476,786 shs
Average Volume
2.24 million shs
Market Capitalization
$1.40 billion
P/E Ratio
N/A
Dividend Yield
20.12%
Price Target
$9.25

Chimera Investment MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
57.8% Upside
$9.25 Price Target
Short Interest
Bearish
4.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.89
Upright™ Environmental Score
News Sentiment
0.00mentions of Chimera Investment in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.79%
From $1.32 to $1.37 Per Share

Overall MarketRank

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

2.08 out of 5 stars

Finance Sector

673rd out of 885 stocks

Real Estate Investment Trusts Industry

157th out of 194 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

Should We Own These 11 Dividends Over 7%? No, No, No
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Notable Thursday Option Activity: CIM, NFLX, MSTR
Chimera Declares Third Quarter 2022 Common Stock Dividend
Chimera Investment: A Dividend Cut May Be Coming
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Chimera Preferreds Offer Value; The Common Does Not
Chimera Investment is Oversold
Chimera Investment Corp - Stock Ownership CIM
Preparing For A Stormy Market With High Yield
CIM_pc Technical Analysis
CIM_pa Historical Data
See More Headlines
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CIM Company Calendar

Ex-Dividend for 7/28 Dividend
6/29/2022
Dividend Payable
7/28/2022
Last Earnings
8/04/2022
Today
9/26/2022
Ex-Dividend for 10/31 Dividend
9/29/2022
Dividend Payable
10/31/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$9.25
High Stock Price Forecast
$9.50
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$670.11 million
Pretax Margin
-8.85%

Debt

Sales & Book Value

Annual Sales
$937.55 million
Cash Flow
$2.25 per share
Book Value
$15.77 per share

Miscellaneous

Free Float
230,662,000
Market Cap
$1.40 billion
Optionable
Optionable
Beta
1.10

Key Executives

  • Mr. Mohit Marria (Age 44)
    CEO, Chief Investment Officer & Director
    Comp: $5.39M
  • Mr. Choudhary Yarlagadda (Age 60)
    Pres, COO & Director
    Comp: $4.94M
  • Mr. Subramaniam Viswanathan (Age 50)
    Chief Financial Officer
    Comp: $1.5M
  • Mr. Phillip John Kardis II (Age 61)
    Esq., Chief Legal Officer & Corp. Sec.
    Comp: $4.2M
  • Mr. Kelley Kortman (Age 51)
    Chief Accounting Officer
  • Ms. Emily Mohr
    Investor Relations Officer
  • Victor Falvo
    Head of Capital Markets
  • Mr. Dan Thakkar
    Chief Risk Officer













CIM Stock - Frequently Asked Questions

Should I buy or sell Chimera Investment stock right now?

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 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities 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 2022?

2 Wall Street analysts have issued 1 year price objectives for Chimera Investment's stock. Their CIM share price forecasts range from $9.00 to $9.50. On average, they predict the company's share price to reach $9.25 in the next twelve months. This suggests a possible upside of 51.9% 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 2022?

Chimera Investment's stock was trading at $15.08 at the beginning of the year. Since then, CIM stock has decreased by 59.6% and is now trading at $6.09.
View the best growth stocks for 2022 here
.

When is Chimera Investment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CIM earnings forecast
.

How were Chimera Investment's earnings last quarter?

Chimera Investment Co. (NYSE:CIM) issued its earnings results on Thursday, August, 4th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.06. The real estate investment trust earned $116.89 million during the quarter, compared to analyst estimates of $131.19 million. Chimera Investment had a positive trailing twelve-month return on equity of 13.07% and a negative net margin of 8.93%. The firm's revenue for the quarter was down 32.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS.

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

Chimera Investment declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, September 30th will be given a dividend of $0.23 per share on Monday, October 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 15.11%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for CIM
.

Is Chimera Investment a good dividend stock?

Chimera Investment (NYSE:CIM) pays an annual dividend of $1.32 per share and currently has a dividend yield of 20.12%. 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 investors include Thornburg Investment Management Inc. (7.31%), Centiva Capital LP (3.55%), Centiva Capital LP (0.00%), State Street Corp (2.30%), Leeward Investments LLC MA (1.25%) and Northern Trust Corp (1.05%). 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 $6.09.

How much money does Chimera Investment make?

Chimera Investment (NYSE:CIM) has a market capitalization of $1.41 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 ($0.65) 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 9/26/2022 by MarketBeat.com Staff

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