CIM

Chimera Investment
CIM

$14.99

1.9%

Market Cap: 1.21B

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 6,702 funds

–

Analysts bullish %

0

News positive %

of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

128% more call options, than puts

Call options by funds: $6.4M | Put options by funds: $2.8M

2.08% less ownership

Funds ownership: 51.52% [Q4 2023] → 49.44% (-2.08%) [Q1 2024]

5% less funds holding

Funds holding: 256 [Q4 2023] → 244 (-12) [Q1 2024]

5% less capital invested

Capital invested by funds: $584M [Q4 2023] → $552M (-$31.9M) [Q1 2024]

22% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 90

27% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 44

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$15

0%

upside

Avg. target

$15

0%

upside

High target

$15

0%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods

Bose George

0%upside

$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

Chimera Investment Corporation Announces Date of Second Quarter 2024 Financial Results and Conference Call

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter June 30, 2024 on Wednesday, August 7, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, August 7, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (888) 645-4404 International (862) 298-0702 Webcast https://www.chimerareit.com/news-events/ir-cal.

Chimera Investment Corporation Announces Date of Second Quarter 2024 Financial Results and Conference Call

Mortgage REITs Surging

After a terrible start to the year, mortgage REITs are hot in July. Don't tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that. Quick commentary on MAIN.

Mortgage REITs Surging

Quadric's 3rd Generation Chimera GPNPU Product Family Expands to 864 TOPs, Adds Automotive-Grade Safety Enhanced Versions

BURLINGAME, Calif.--(BUSINESS WIRE)-- #AI--Quadric® today introduced the Chimera™ QC Series family of general-purpose neural processors (GPNPUs), a semiconductor intellectual property (IP) offering that blends the machine learning (ML) performance characteristics of a neural processing accelerator with the full C++ programmability of a modern digital signal processor (DSP). The third-generation implementation of the Chimera architecture, the QC family includes both single core and multicore cluster o.

Quadric's 3rd Generation Chimera GPNPU Product Family Expands to 864 TOPs, Adds Automotive-Grade Safety Enhanced Versions

12%+ Dividend Yields Duel

This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.

12%+ Dividend Yields Duel

3 Top Dividend Stocks With Yields Over 10% to Buy Now

Investors focused on dividend stocks for high yields will usually end up looking at mortgage real estate investment trusts (REITs) and business development companies (BDCs) because they offer extremely high yields. Mortgage REIT dividends tend to go down over time — so the trick to succeeding in these sectors is not buying and holding indefinitely.

3 Top Dividend Stocks With Yields Over 10% to Buy Now

Chimera Investment: Great Value, Extreme Discount To Book

The market currently undervalues Chimera's common stock by an enormous margin, trading it at price-to-book ratios that are far below its peers. The Company's track record is strong, showing positive EPS in 9 of the last 10 years, and the one exception, 2022, was due to interest rate challenges that are unlikely to recur. Chimera's loan portfolio is very strong, consisting nearly entirely of residential mortgage loans and related investments. Overall, Chimera's portfolio experiences very low loss rates, which seem unlikely to increase.

Chimera Investment: Great Value, Extreme Discount To Book

Chimera Preferreds Yield Over 11% With Fundamentally Medium Risk

CIM preferreds B and D offer high dividend income with yields over 11%, well covered by assets and cashflows. The unique fixed-to-floating structure resulted in high yields, now offering a favorable reward-to-risk ratio for investors. Fundamental analysis of CIM's underlying business shows stability for preferred dividends, making them an opportunistic investment opportunity.

Chimera Preferreds Yield Over 11% With Fundamentally Medium Risk

Chimera Investment: 10% Yield, Dividend Raise, 0.42X BV (Rating Upgrade)

Chimera Investment cut its dividend multiple times since FY 2022 and shrunk its portfolio, leading to a significant decline in book value. The Federal Reserve is nearing a rate cut decision which would benefit mortgage REITs like Chimera Investment. Chimera Investment's recently completed a 1-for-3 reverse stock split and raised its post-split dividend by 6%.

Chimera Investment: 10% Yield, Dividend Raise, 0.42X BV (Rating Upgrade)

The Preferred Stock Of Chimera Investment Remains Highly Attractive For Income-Oriented Investors

Chimera Investment Corporation's preferred stock has offered a total return of 13.4% in less than 7 months. The company's common stock has faced challenges due to high interest rates, but the preferred stock remains stable and offers a 9.2% yield. Chimera's preferred stock is a safe investment with potential for capital gains if interest rates decrease, making it attractive for income-oriented investors.

The Preferred Stock Of Chimera Investment Remains Highly Attractive For Income-Oriented Investors

12% Dividend Yield Sure Beats 8%

Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this time, we're putting even more money in.

12% Dividend Yield Sure Beats 8%

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