CIM

Chimera Investment
CIM

$15.47

0.32%

Market Cap: $1.25B

About: Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares.

Employees: 39

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

232% more call options, than puts

Call options by funds: $13.6M | Put options by funds: $4.11M

4.55% less ownership

Funds ownership: 50.0% [Q1] → 45.45% (-4.55%) [Q2]

16% less capital invested

Capital invested by funds: $558M [Q1] → $469M (-$89.1M) [Q2]

27% less funds holding

Funds holding: 246 [Q1] → 179 (-67) [Q2]

71% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 94

94% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 143

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$15

3%

downside

Avg. target

$15.50

0%

upside

High target

$16

3%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods Bose George 86% 1-year accuracy 24 / 28 met price target	3%upside $16	Market Perform Maintained	8 Aug 2024
Keefe, Bruyette & Woods Bose George 86% 1-year accuracy 24 / 28 met price target	3%downside $15	Market Perform Maintained	10 Jul 2024

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Financial journalist opinion

Based on 7 articles about CIM published over the past 30 days

New Preferred Stock And Exchange Traded Debt IPOs, August 2024

Angel Oak Mortgage REIT, Valley National Bancorp, and Chimera Investment Corporation have introduced new fixed-income offerings with attractive yields and potential early redemption options. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC exchange, potentially avoiding capital losses if prices drop. CDx3 Notification Service tracks preferred stock and ETD offerings, alerting investors when securities fall below par value, providing opportunities for discounted investments.

New Preferred Stock And Exchange Traded Debt IPOs, August 2024

Lanny's Stock Sales Through June 30, 2024

I sold Chimera. They were an underperforming REIT, even on their best days. I actually have received total proceeds of $10,967 and have recognized a total gain of $1,090.40. Warner Bro. Discovery, as my unrealized loss right now, is $1,600.

Lanny's Stock Sales Through June 30, 2024

Zacks Investment Research

Is the Options Market Predicting a Spike in Chimera Investment (CIM) Stock?

Investors need to pay close attention to Chimera Investment (CIM) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Chimera Investment (CIM) Stock?

Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $74.75 million aggregate principal amount (including $9.75 million issued pursuant to the over-allotment option) of its 9.250% senior notes due 2029 (the “Notes”). The Company has been authorized to list the Notes on the New York Stock Exchange under the symbol “CIMO” and expects trading in the Notes on the New York Sto.

Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes

Chasing Goldilocks

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.

Chasing Goldilocks

10% Or Higher Dividend Yields

BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred share and baby bond combinations appear to be slightly mispriced.

10% Or Higher Dividend Yields

Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change

Fed speculation leads to increased market volatility and interest rate reductions. CIM preferred stocks pricing remains stable despite bond market rally. Active monitoring and readiness for interest rate changes can lead to advantageous investment decisions.

Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change

Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.250% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on August 19, 2024, subject to the satisfaction of cus.

Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes

The Return Of Volatility

In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."

The Return Of Volatility

Chimera Investment Corporation (CIM) Q2 2024 Earnings Call Transcript

Chimera Investment Corporation (NYSE:CIM ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets and IR Phil Kardis - President and CEO Subra Viswanathan - CFO Dan Thakkar - Chief Investment Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Stephen Laws - Raymond James Jake Katsikis - BTIG Operator Good day, ladies and gentlemen, and welcome to the Chimera Investment Corporation Second Quarter Earnings Call. Our host for today's call is Victor Falvo.

Chimera Investment Corporation (CIM) Q2 2024 Earnings Call Transcript

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