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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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: 0.00
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

2.8

Analyst's Opinion

Consensus Rating
Chimera Investment has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $9.25, Chimera Investment has a forecasted upside of 57.8% from its current price of $5.86.
Amount of Analyst Coverage
Chimera Investment has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.68% of the float of Chimera Investment has been sold short.
Short Interest Ratio / Days to Cover
Chimera Investment has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Chimera Investment has recently increased by 1.24%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Chimera Investment is a leading dividend payer. It pays a dividend yield of 20.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Chimera Investment does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Chimera Investment will have a dividend payout ratio of 96.35% in the coming year. This indicates that Chimera Investment may not be able to sustain their current dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chimera Investment has received a 20.91% net impact score from Upright. Chimera Investment seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Real estate funds investing in residential buildings" product. See details.
Environmental Sustainability
The Environmental Impact score for Chimera Investment is -3.89.

2.8

News and Social Media Coverage

News Sentiment
Chimera Investment has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Chimera Investment this week, compared to 1 article on an average week.
Search Interest
67 people have searched for CIM on MarketBeat in the last 30 days. This is an increase of 37% compared to the previous 30 days.
MarketBeat Follows
23 people have added Chimera Investment to their MarketBeat watchlist in the last 30 days. This is an increase of 44% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chimera Investment insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Chimera Investment is held by insiders.
Percentage Held by Institutions
51.10% of the stock of Chimera Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Chimera Investment are expected to grow by 3.79% in the coming year, from $1.32 to $1.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chimera Investment is -9.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chimera Investment is -9.02, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Chimera Investment has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

September 7, 2022 | marketbeat.com

Here’s the ONLY Way To Invest in a Leading a 14.9% REIT

September 5, 2022 | marketbeat.com

Should We Own These 11 Dividends Over 7%? No, No, No

September 26, 2022 | Investing Trends (Ad)

Copper More Critical than Lithium?

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September 23, 2022 | nasdaq.com

Notable Thursday Option Activity: CIM, NFLX, MSTR

September 21, 2022 | finance.yahoo.com

Chimera Declares Third Quarter 2022 Common Stock Dividend

September 16, 2022 | americanbankingnews.com

Chimera Investment Target of Unusually Large Options Trading (NYSE:CIM)

September 15, 2022 | seekingalpha.com

Chimera Investment: A Dividend Cut May Be Coming

September 11, 2022 | thestreet.com

Chimera Investment (CIM) Stock Dropping on Deutsche Bank Price Target Cut

September 26, 2022 | Investing Trends (Ad)

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.

September 2, 2022 | seekingalpha.com

Chimera Preferreds Offer Value; The Common Does Not

September 2, 2022 | nasdaq.com

Chimera Investment is Oversold

August 25, 2022 | finance.yahoo.com

Clearwater Analytics Powers Sophisticated REIT Accounting and Reporting for New York-based Chimera

August 4, 2022 | seekingalpha.com

Chimera Investment trades lower after Y/Y fall in Q2 earnings

August 4, 2022 | finance.yahoo.com

Chimera Declares Third Quarter 2022 Preferred Stock Dividends

August 4, 2022 | finance.yahoo.com

CHIMERA INVESTMENT CORPORATION REPORTS 2ND QUARTER 2022 EARNINGS

July 19, 2022 | morningstar.com

Chimera Investment Corp - Stock Ownership CIM

July 19, 2022 | nasdaq.com

First Week of March 2023 Options Trading For Chimera Investment (CIM)

July 18, 2022 | finance.yahoo.com

Chimera Investment Corporation Announces Date of Second Quarter 2022 Financial Results and Conference Call

July 6, 2022 | seekingalpha.com

Preparing For A Stormy Market With High Yield

June 27, 2022 | finance.yahoo.com

What Is The Ownership Structure Like For Chimera Investment Corporation (NYSE:CIM)?

June 15, 2022 | finance.yahoo.com

Do Options Traders Know Something About Chimera Investment (CIM) Stock We Don't?

June 15, 2022 | nasdaq.com

Chimera Investment (CIM) Passes Through 14% Yield Mark

June 10, 2022 | investing.com

CIM_pc Technical Analysis

May 31, 2022 | investing.com

CIM_pa Historical Data

May 26, 2022 | msn.com

Chimera Investment's Return On Capital Employed Insights

May 20, 2022 | nasdaq.com

Interesting CIM Put And Call Options For July 15th

May 18, 2022 | nasdaq.com

Chimera Investment's Series A Preferred Stock Crosses Above 8.5% Yield Territory

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Sector: Finance
Current Symbol: NYSE:CIM
CUSIP: 16934Q10
CIK: 1409493
Web: www.chimerareit.com
Phone: (212) 626-2300
Fax: 212-696-9809
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

EPS (Most Recent Fiscal Year): ($0.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.56
P/E Growth: N/A
Net Income: $670.11 million
Net Margins: -8.93%
Pretax Margin: -8.85%
Return on Equity: 13.07%
Return on Assets: 2.99%

Debt

Debt-to-Equity Ratio: 3.67
Current Ratio: 4.60
Quick Ratio: 4.60

Sales & Book Value

Annual Sales: $937.55 million
Price / Sales: 1.49
Cash Flow: $2.25 per share
Price / Cash Flow: 2.67
Book Value: $15.77 per share
Price / Book: 0.38

Miscellaneous

Outstanding Shares: 231,751,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Chimera Investment investors own include New Residential Investment (NRZ), Annaly Capital Management (NLY), Marathon Oil (MRO), AGNC Investment (AGNC), Energy Transfer (ET), AT&T (T), ARMOUR Residential REIT (ARR), New York Mortgage Trust (NYMT), Enterprise Products Partners (EPD) and NGL Energy Partners (NGL).
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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Chimera Investment - CIM Stock Forecast, Price & News

Chimera Investment MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows