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NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share. 2 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for Chimera Investment in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should «moderate buy» CIM shares.
How big is Chimera Investment Corp?
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments. The company was founded on June 1, 2007 and is headquartered in New York, NY.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Chimera Investment Corporation operates as an internally-managed real estate investment trust (REIT) in the United States.
- This buyback authorization allows the company to reacquire up to 19% of its stock through open market purchases.
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The company was incorporated in 2007 with the purpose of investing in mortgage loans, asset securitization, and mortgage-backed securities. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.23 per share of common stock. CIM, -1.62% shares advanced by 2.7% in premarket trades Monday after the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO … 2 analysts have issued 12-month price targets for Chimera Investment’s stock. Their CIM share price forecasts range from $5.50 to $7.00.
Price target decreased by 7.3% to US$6.33
Style is calculated by combining value and growth scores, which are first individually calculated. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Chimera Investment’s stock is owned by many different institutional and retail investors. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. 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.
The only drawback is that shareholders are responsible for income taxes on the earnings. Chimera Investment Corp. shares advanced by 2.7% in premarket trades Monday after the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO and director. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.23 per share of common stock. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. 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.
Mortgage REITs Carry Double-Digit Yields — and the Risks That Come With Such Yields
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Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of CIM stock can currently be purchased for approximately $5.96.
Chimera Investment saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 8,710,000 shares, a drop of 12.9% from the August 15th total of 10,000,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 4.4 days.
About Chimera Investment Corporation
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Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. CIM’s beta can be found in Trading Information at the top of this page.
The ex-dividend date of this dividend is Thursday, September 28th. According to 3 analysts, the average rating for CIM stock is «Hold.» The 12-month stock price forecast is $5.67, which is a decrease of -7.05% from the latest price. Chimere Investment Corporation is based in New York, New York, https://1investing.in/ 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.
Chimera Investment Group IPO raises $500 mln
On average, they anticipate the company’s share price to reach $6.25 in the next twelve months. This suggests a possible upside of 5.0% from the stock’s current price. View analysts price targets for CIM or view top-rated stocks among Wall Street analysts. 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.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. 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 bill of exchange vs promissory note ratings compared to other CEOs of publicly-traded companies. 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.
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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
According to the issued ratings of 2 analysts in the last year, the consensus rating for Chimera Investment stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for CIM. The average twelve-month price prediction for Chimera Investment is $6.25 with a high price target of $7.00 and a low price target of $5.50. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
NEW YORK (MarketWatch) — Chimera Investment Corp. priced 33.33 million shares at $15 a share, raising $500 million in its initial public offering on Friday. The unit of Annaly Capital Management is a newly-formed specia… Analysts like Chimera Investment more than other Finance companies. The consensus rating for Chimera Investment is Moderate Buy while the average consensus rating for finance companies is Hold. Chimera Investment’s next quarterly dividend payment of $0.18 per share will be made to shareholders on Tuesday, October 31, 2023. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. We’d like to share more about how we work and what drives our day-to-day business. Compare
CIM’s historical performance
against its industry peers and the overall market.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. REITs are dividend-paying entities that own or finance real estate. This buyback authorization allows the company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued. Sign-up to receive the latest news and ratings for Chimera Investment and its competitors with MarketBeat’s FREE daily newsletter.
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Style is an investment factor that has a meaningful impact on investment risk and returns.