NYSE:CIMCHIMERA INVT CO/SH NEW Stock Price, Forecast & News

$8.74

+0.43 (+5.17 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$8.22

Now: $8.74▼

$8.85

50-Day Range

$7.10

MA: $7.74▼

$8.56

52-Week Range

$6.42

Now: $8.74▼

$22.99

Volume6.43 million shs

Average Volume4.65 million shs

Market Capitalization$1.68 billion

P/E RatioN/A

Dividend Yield24.07%

Beta0.91

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to U.S. federal income tax, if it distributes at least 90% of its REIT taxable income to its shareholders. Chimera Investment Corporation was founded in 2007 and is headquartered in New York, New York.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
CHIMERA INVT CO/SH NEW has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.88, CHIMERA INVT CO/SH NEW has a potential upside of 47.3% from its current price of $8.74.
Amount of Analyst Coverage
CHIMERA INVT CO/SH NEW has only been the subject of 3 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
CHIMERA INVT CO/SH NEW has received 389 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CHIMERA INVT CO/SH NEW has received 524 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CHIMERA INVT CO/SH NEW has received 57.39% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CHIMERA INVT CO/SH NEW and other stocks. Vote “Outperform” if you believe CIM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CIM will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
CHIMERA INVT CO/SH NEW is a leading dividend payer. It pays a dividend yield of 24.07%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CHIMERA INVT CO/SH NEW has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of CHIMERA INVT CO/SH NEW is 88.89 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, CHIMERA INVT CO/SH NEW will have a dividend payout ratio of 147.06 % in the coming year. This indicates that CHIMERA INVT CO/SH NEW may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CHIMERA INVT CO/SH NEW insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,835,322.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.08% of the stock of CHIMERA INVT CO/SH NEW is held by insiders.
Percentage Held by Institutions
45.54% of the stock of CHIMERA INVT CO/SH NEW is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for CHIMERA INVT CO/SH NEW are expected to decrease by -8.11% in the coming year, from $1.48 to $1.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CHIMERA INVT CO/SH NEW is -10.93, 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 INVT CO/SH NEW is -10.93, 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 INVT CO/SH NEW has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.33 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryMortgage REITs

SectorFinance

Current SymbolNYSE:CIM

Previous Symbol

CUSIP16934Q10

CIK1409493

Webwww.chimerareit.com

Phone212-626-2300

Debt

Debt-to-Equity Ratio2.46

Current Ratio0.05

Quick Ratio0.05

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio5.91

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.36 billion

Price / Sales1.23

Cash Flow$2.94 per share

Price / Cash Flow2.97

Book Value$21.12 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$413.55 million

Net Margins-7.15%

Return on Equity12.02%

Return on Assets1.78%

Miscellaneous

Employees38

Outstanding Shares192,218,000

Market Cap$1.68 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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CHIMERA INVT CO/SH NEW (NYSE:CIM) Frequently Asked Questions

How has CHIMERA INVT CO/SH NEW's stock been impacted by COVID-19 (Coronavirus)?

CHIMERA INVT CO/SH NEW's stock was trading at $18.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CIM stock has decreased by 52.4% and is now trading at $8.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CHIMERA INVT CO/SH NEW?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CHIMERA INVT CO/SH NEW in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CHIMERA INVT CO/SH NEW.

When is CHIMERA INVT CO/SH NEW's next earnings date?

CHIMERA INVT CO/SH NEW is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for CHIMERA INVT CO/SH NEW.

How were CHIMERA INVT CO/SH NEW's earnings last quarter?

CHIMERA INVT CO/SH NEW (NYSE:CIM) released its earnings results on Wednesday, May, 6th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.25. The real estate investment trust earned $155.18 million during the quarter, compared to analyst estimates of $114.70 million. CHIMERA INVT CO/SH NEW had a positive return on equity of 12.02% and a negative net margin of 7.15%. View CHIMERA INVT CO/SH NEW's earnings history.

How often does CHIMERA INVT CO/SH NEW pay dividends? What is the dividend yield for CHIMERA INVT CO/SH NEW?

CHIMERA INVT CO/SH NEW announced a quarterly dividend on Tuesday, February 11th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.50 per share on Thursday, April 30th. This represents a $2.00 annualized dividend and a dividend yield of 22.88%. The ex-dividend date is Monday, March 30th. View CHIMERA INVT CO/SH NEW's dividend history.

What price target have analysts set for CIM?

4 brokers have issued twelve-month price targets for CHIMERA INVT CO/SH NEW's shares. Their forecasts range from $9.00 to $19.50. On average, they anticipate CHIMERA INVT CO/SH NEW's share price to reach $12.88 in the next year. This suggests a possible upside of 47.3% from the stock's current price. View analysts' price targets for CHIMERA INVT CO/SH NEW.

Has CHIMERA INVT CO/SH NEW been receiving favorable news coverage?

News coverage about CIM stock has trended extremely positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CHIMERA INVT CO/SH NEW earned a news impact score of 5.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCHIMERA INVT CO/SH NEW.

Are investors shorting CHIMERA INVT CO/SH NEW?

CHIMERA INVT CO/SH NEW saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 23,300,000 shares, an increase of 272.8% from the April 15th total of 6,250,000 shares. Based on an average trading volume of 5,040,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 12.7% of the company's stock are sold short. View CHIMERA INVT CO/SH NEW's Current Options Chain.

Who are some of CHIMERA INVT CO/SH NEW's key competitors?

Some companies that are related to CHIMERA INVT CO/SH NEW include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR), Ready Capital (RC) and Dynex Capital (DX). View all competitors.

What other stocks do shareholders of CHIMERA INVT CO/SH NEW own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CHIMERA INVT CO/SH NEW investors own include New Residential Investment (NRZ), ANNALY CAP MGMT/SH (NLY), Marathon Oil (MRO), AT&T (T), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), ARMOUR Residential REIT (ARR), Ares Capital (ARCC) and Invesco Mortgage Capital (IVR).

Who are CHIMERA INVT CO/SH NEW's key executives?

CHIMERA INVT CO/SH NEW's management team includes the following people:

Mr. Matthew J. Lambiase, Pres, CEO & Director (Age 53)
Mr. Robert Colligan CPA, Chief Financial Officer (Age 48)
Mr. Choudhary Yarlagadda, Chief Operating Officer (Age 57)
Mr. Mohit Marria, Chief Investment Officer (Age 41)
Mr. Phillip John Kardis II, Chief Legal Officer and Corp. Sec. (Age 58)

What is CHIMERA INVT CO/SH NEW's stock symbol?

CHIMERA INVT CO/SH NEW trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIM."

Who are CHIMERA INVT CO/SH NEW's major shareholders?

CHIMERA INVT CO/SH NEW's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.10%), State Street Corp (1.88%), West Family Investments Inc. (1.34%), Geode Capital Management LLC (1.14%), Victory Capital Management Inc. (0.57%) and Victory Capital Management Inc. (0.55%). Company insiders that own CHIMERA INVT CO/SH NEW stock include Choudhary Yarlagadda, Matthew Lambiase, Paul Donlin, Phillip John Kardis II and Robert S Colligan. View institutional ownership trends for CHIMERA INVT CO/SH NEW.

Which institutional investors are selling CHIMERA INVT CO/SH NEW stock?

CIM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Wellington Management Group LLP, Russell Investments Group Ltd., First Trust Advisors LP, Bank of New York Mellon Corp, Nuveen Asset Management LLC, and Alliancebernstein L.P.. View insider buying and selling activity for CHIMERA INVT CO/SH NEW.

Which institutional investors are buying CHIMERA INVT CO/SH NEW stock?

CIM stock was acquired by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Advisor Group Holdings Inc., Acadian Asset Management LLC, State Street Corp, Matarin Capital Management LLC, Driehaus Capital Management LLC, BNP Paribas Arbitrage SA, and Ziegler Capital Management LLC. Company insiders that have bought CHIMERA INVT CO/SH NEW stock in the last two years include Choudhary Yarlagadda, Matthew Lambiase, Paul Donlin, Phillip John Kardis II, and Robert S Colligan. View insider buying and selling activity for CHIMERA INVT CO/SH NEW.

How do I buy shares of CHIMERA INVT CO/SH NEW?

Shares of CIM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CHIMERA INVT CO/SH NEW's stock price today?

One share of CIM stock can currently be purchased for approximately $8.74.

How big of a company is CHIMERA INVT CO/SH NEW?

CHIMERA INVT CO/SH NEW has a market capitalization of $1.68 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $413.55 million in net income (profit) each year or $2.25 on an earnings per share basis. CHIMERA INVT CO/SH NEW employs 38 workers across the globe.

What is CHIMERA INVT CO/SH NEW's official website?

The official website for CHIMERA INVT CO/SH NEW is www.chimerareit.com.

How can I contact CHIMERA INVT CO/SH NEW?

CHIMERA INVT CO/SH NEW's mailing address is 520 MADISON AVENUE 32ND FLOOR, NEW YORK NY, 10022. The real estate investment trust can be reached via phone at 212-626-2300 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff