Real Estate -
REIT - Mortgage - NYSE - US
$ 14.3
0.21 %
$ 1.16 B
Market Cap
4.29
P/E
1. INTRINSIC VALUE
Balance Sheet
Chimera Investment Corporation
| Current Assets | 387 M |
| Cash & Short-Term Investments | 222 M |
| Receivables | 77 M |
| Other Current Assets | 88.3 M |
| Non-Current Assets | 1.15 B |
| Long-Term Investments | 1.15 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 2.94 B |
| Accounts Payable | 38.3 M |
| Short-Term Debt | 2.68 B |
| Other Current Liabilities | 223 M |
| Non-Current Liabilities | 7.43 B |
| Long-Term Debt | 7.43 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Chimera Investment Corporation
| Revenue | 226 M |
| Cost Of Revenue | 32.6 M |
| Gross Profit | 193 M |
| Operating Expenses | 55.7 M |
| Operating Income | 632 M |
| Other Expenses | 506 M |
| Net Income | 126 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Chimera Investment Corporation
| Net Income | 126 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 9.55 M |
| Change in Working Capital | -30.1 M |
| Others | 84.9 M |
| Free Cash Flow | 213 M |
Wall Street Analysts Price Targets
Chimera Investment Corporation
Wall Street analysts predict an average 1-year price target for CIM of $8.5 , with forecasts ranging from
a
low of
$5.5 to a high of $11 .
CIM Lowest Price Target
Wall Street Target
5.5 USD
-61.54%
CIM Average Price Target
Wall Street Target
8.5 USD
-40.56%
CIM Highest Price Target
Wall Street Target
11 USD
-23.08%
4. DIVIDEND
ANALYSIS
7.11%
DIVIDEND YIELD
0.37 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Chimera Investment Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
2.48 M USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
131 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Dec 10, 2024
|
Bought
999 K USD
|
Macdowell Jack Lee Jr
Chief Investment Officer
|
+ 66000
|
15.13 USD |
|
1 month ago
Dec 09, 2024
|
Bought
746 K USD
|
Macdowell Jack Lee Jr
Chief Investment Officer
|
+ 50000
|
14.91 USD |
|
1 month ago
Dec 06, 2024
|
Bought
735 K USD
|
Macdowell Jack Lee Jr
Chief Investment Officer
|
+ 50000
|
14.7 USD |
|
7 months ago
Jun 17, 2024
|
Bought
131 K USD
|
CREAGH GERARD
Director
|
+ 10000
|
13.07 USD |
|
3 years ago
Aug 25, 2021
|
Bought
7.88 K USD
|
Kortman Kelley
Principal Accounting Officer
|
+ 300
|
26.26 USD |
|
4 years ago
Mar 18, 2020
|
Bought
426 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 50000
|
8.51 USD |
|
4 years ago
Mar 09, 2020
|
Bought
139 K USD
|
DONLIN PAUL
Director
|
+ 5599
|
24.84 USD |
|
4 years ago
Mar 09, 2020
|
Bought
98.4 K USD
|
DONLIN PAUL
Director
|
+ 4008
|
24.56 USD |
|
4 years ago
Mar 09, 2020
|
Bought
71.4 K USD
|
DONLIN PAUL
Director
|
+ 2888
|
24.74 USD |
|
4 years ago
Mar 09, 2020
|
Bought
72.8 K USD
|
DONLIN PAUL
Director
|
+ 3000
|
24.27 USD |
|
4 years ago
Feb 28, 2020
|
Bought
97.8 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 5000
|
19.55 USD |
|
4 years ago
Mar 16, 2020
|
Bought
175 K USD
|
DONLIN PAUL
Director
|
+ 9201
|
19.01 USD |
|
4 years ago
Mar 16, 2020
|
Bought
66.2 K USD
|
DONLIN PAUL
Director
|
+ 3448
|
19.21 USD |
|
4 years ago
Mar 16, 2020
|
Bought
13.1 K USD
|
DONLIN PAUL
Director
|
+ 700
|
18.74 USD |
|
4 years ago
Mar 16, 2020
|
Bought
8.65 K USD
|
DONLIN PAUL
Director
|
+ 447
|
19.35 USD |
|
4 years ago
Mar 13, 2020
|
Bought
57.7 K USD
|
DONLIN PAUL
Director
|
+ 2880
|
20.02 USD |
|
4 years ago
Mar 13, 2020
|
Bought
8.16 K USD
|
DONLIN PAUL
Director
|
+ 400
|
20.4 USD |
|
4 years ago
Mar 12, 2020
|
Bought
1.84 M USD
|
DONLIN PAUL
Director
|
+ 120609
|
15.22 USD |
|
4 years ago
Mar 18, 2020
|
Bought
304 K USD
|
CREAGH GERARD
Director
|
+ 36000
|
8.44 USD |
|
4 years ago
Mar 18, 2020
|
Bought
37.4 K USD
|
Reilly Brian Patrick
Director
|
+ 5000
|
7.49 USD |
|
4 years ago
Mar 18, 2020
|
Bought
526 K USD
|
DONLIN PAUL
Director
|
+ 65000
|
8.09 USD |
|
4 years ago
Mar 18, 2020
|
Bought
66.2 K USD
|
DONLIN PAUL
Director
|
+ 10000
|
6.62 USD |
|
4 years ago
Mar 18, 2020
|
Bought
66.8 K USD
|
DONLIN PAUL
Director
|
+ 8400
|
7.95 USD |
|
4 years ago
Mar 18, 2020
|
Bought
38.1 K USD
|
DONLIN PAUL
Director
|
+ 5475
|
6.96 USD |
|
4 years ago
Mar 18, 2020
|
Bought
62.2 K USD
|
DONLIN PAUL
Director
|
+ 7400
|
8.41 USD |
|
4 years ago
Mar 18, 2020
|
Bought
9.16 K USD
|
DONLIN PAUL
Director
|
+ 1100
|
8.33 USD |
|
4 years ago
Mar 18, 2020
|
Bought
15.7 K USD
|
DONLIN PAUL
Director
|
+ 2358
|
6.64 USD |
|
4 years ago
Mar 18, 2020
|
Bought
29.5 K USD
|
DONLIN PAUL
Director
|
+ 3750
|
7.87 USD |
|
4 years ago
Mar 18, 2020
|
Bought
24.3 K USD
|
Kardis Phillip John II
Chief Legal Officer
|
+ 3000
|
8.11 USD |
|
4 years ago
Mar 18, 2020
|
Bought
2.07 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 300
|
6.9 USD |
|
4 years ago
Mar 18, 2020
|
Bought
304 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 40600
|
7.5 USD |
|
4 years ago
Mar 18, 2020
|
Bought
140 K USD
|
COLLIGAN ROBERT S
Chief Financial Officer
|
+ 15000
|
9.31 USD |
|
4 years ago
Mar 18, 2020
|
Bought
116 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 15000
|
7.75 USD |
|
4 years ago
Mar 18, 2020
|
Bought
130 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 14000
|
9.25 USD |
|
4 years ago
Mar 18, 2020
|
Bought
24.4 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 3125
|
7.82 USD |
|
4 years ago
Mar 18, 2020
|
Bought
24.4 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 3125
|
7.81 USD |
|
4 years ago
Mar 18, 2020
|
Bought
426 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 50000
|
8.51 USD |
|
7 years ago
Dec 29, 2017
|
Bought
77.5 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 3000
|
25.82 USD |
|
7 years ago
Nov 06, 2017
|
Bought
119 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 6625
|
17.89 USD |
|
8 years ago
Sep 09, 2016
|
Bought
10.3 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 640
|
16.13 USD |
|
8 years ago
Sep 09, 2016
|
Bought
4.26 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 265
|
16.08 USD |
|
8 years ago
Sep 09, 2016
|
Bought
22.5 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 1400
|
16.09 USD |
|
8 years ago
Feb 29, 2016
|
Bought
26.3 K USD
|
Mahoney Dennis
Director
|
+ 2000
|
13.15 USD |
|
8 years ago
Feb 29, 2016
|
Bought
20.9 K USD
|
Mahoney Dennis
Director
|
+ 1600
|
13.09 USD |
|
8 years ago
Feb 29, 2016
|
Bought
11.8 K USD
|
Mahoney Dennis
Director
|
+ 900
|
13.09 USD |
|
8 years ago
Feb 29, 2016
|
Bought
3.27 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 250
|
13.08 USD |
|
8 years ago
Feb 29, 2016
|
Bought
3.93 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 300
|
13.09 USD |
|
8 years ago
Feb 29, 2016
|
Bought
99.4 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 7600
|
13.08 USD |
|
8 years ago
Feb 29, 2016
|
Bought
19.6 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 1500
|
13.08 USD |
|
8 years ago
Feb 29, 2016
|
Bought
34 K USD
|
Yarlagadda Choudhary
Chief Operating Officer
|
+ 2600
|
13.09 USD |
|
8 years ago
Feb 29, 2016
|
Bought
235 K USD
|
DONLIN PAUL
Director
|
+ 18000
|
13.05 USD |
|
8 years ago
Feb 29, 2016
|
Bought
26.1 K USD
|
DONLIN PAUL
Director
|
+ 2000
|
13.03 USD |
|
8 years ago
Feb 29, 2016
|
Bought
197 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 15000
|
13.11 USD |
|
9 years ago
Dec 14, 2015
|
Bought
129 K USD
|
DONLIN PAUL
Director
|
+ 10000
|
12.89 USD |
|
9 years ago
Dec 14, 2015
|
Bought
258 K USD
|
DONLIN PAUL
Director
|
+ 20000
|
12.9 USD |
|
10 years ago
Aug 15, 2014
|
Bought
48.6 K USD
|
Dyer William B.
Head of Underwriting
|
+ 15000
|
3.24 USD |
|
10 years ago
Aug 14, 2014
|
Bought
136 K USD
|
MARRIA MOHIT
Chief Investment Officer
|
+ 42500
|
3.21 USD |
|
10 years ago
Aug 14, 2014
|
Bought
96.3 K USD
|
COLLIGAN ROBERT S
Chief Financial Officer
|
+ 30000
|
3.21 USD |
|
10 years ago
Aug 13, 2014
|
Bought
320 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 100000
|
3.2 USD |
|
13 years ago
Dec 22, 2011
|
Bought
52.3 K USD
|
Reilly John Patrick
Director
|
+ 19070
|
2.74 USD |
|
13 years ago
Dec 22, 2011
|
Bought
52.8 K USD
|
CREAGH GERARD
Director
|
+ 19252
|
2.74 USD |
|
13 years ago
Feb 11, 2011
|
Bought
415 K USD
|
CREAGH GERARD
Director
|
+ 100000
|
4.15 USD |
|
13 years ago
Dec 22, 2011
|
Bought
53.5 K USD
|
KEENAN PAUL A
Director
|
+ 19526
|
2.74 USD |
|
13 years ago
Nov 28, 2011
|
Bought
26.4 K USD
|
Dyer William B.
Head of Underwriting
|
+ 10000
|
2.64 USD |
|
13 years ago
Nov 25, 2011
|
Bought
26 K USD
|
Mahoney Dennis
Director
|
+ 10000
|
2.6 USD |
|
13 years ago
Nov 22, 2011
|
Bought
211 K USD
|
DONLIN PAUL
Director
|
+ 80000
|
2.64 USD |
|
13 years ago
Nov 22, 2011
|
Bought
52.8 K USD
|
DONLIN PAUL
Director
|
+ 20000
|
2.64 USD |
|
13 years ago
Aug 10, 2011
|
Bought
62 K USD
|
Reilly John Patrick
Director
|
+ 20000
|
3.1 USD |
|
13 years ago
Aug 10, 2011
|
Bought
21.7 K USD
|
Reilly John Patrick
Director
|
+ 7000
|
3.1 USD |
|
13 years ago
Aug 10, 2011
|
Bought
27 K USD
|
Mahoney Dennis
Director
|
+ 9000
|
3 USD |
|
13 years ago
Aug 03, 2011
|
Bought
60 K USD
|
DENAHAN A ALEXANDRA
CFO and Secretary
|
+ 20000
|
3 USD |
|
13 years ago
Aug 03, 2011
|
Bought
30.5 K USD
|
Diamond Jeremy
Director
|
+ 10000
|
3.05 USD |
|
13 years ago
Aug 03, 2011
|
Bought
30.8 K USD
|
Dyer William B.
Head of Underwriting
|
+ 10000
|
3.08 USD |
|
13 years ago
Aug 03, 2011
|
Bought
303 K USD
|
DONLIN PAUL
Director
|
+ 95500
|
3.17 USD |
|
13 years ago
Aug 03, 2011
|
Bought
14.2 K USD
|
DONLIN PAUL
Director
|
+ 4500
|
3.15 USD |
|
13 years ago
Aug 03, 2011
|
Bought
186 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 60000
|
3.1 USD |
|
13 years ago
May 06, 2011
|
Bought
161 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 41000
|
3.92 USD |
|
13 years ago
May 06, 2011
|
Bought
35.3 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 9000
|
3.92 USD |
|
13 years ago
May 06, 2011
|
Bought
78.8 K USD
|
WOSCHENKO CHRISTIAN J
Head of Investments
|
+ 20000
|
3.94 USD |
|
13 years ago
Feb 15, 2011
|
Bought
192 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 46000
|
4.18 USD |
|
13 years ago
Feb 15, 2011
|
Bought
16.7 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 4000
|
4.18 USD |
|
13 years ago
Feb 15, 2011
|
Bought
125 K USD
|
WOSCHENKO CHRISTIAN J
Head of Investments
|
+ 30000
|
4.16 USD |
|
14 years ago
Nov 10, 2010
|
Bought
160 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 40000
|
4 USD |
|
14 years ago
Nov 10, 2010
|
Bought
40 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 10000
|
4 USD |
|
14 years ago
Nov 03, 2010
|
Bought
385 K USD
|
DONLIN PAUL
Director
|
+ 100000
|
3.85 USD |
|
14 years ago
May 20, 2010
|
Bought
92.5 K USD
|
DONLIN PAUL
Director
|
+ 25000
|
3.7 USD |
|
14 years ago
May 20, 2010
|
Bought
93.8 K USD
|
DONLIN PAUL
Director
|
+ 25000
|
3.75 USD |
|
14 years ago
Feb 25, 2010
|
Bought
154 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 39600
|
3.89 USD |
|
14 years ago
Feb 25, 2010
|
Bought
1.54 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 400
|
3.85 USD |
|
14 years ago
Feb 22, 2010
|
Bought
35.7 K USD
|
ABRAMS MARK
Director
|
+ 10000
|
3.57 USD |
|
14 years ago
Feb 16, 2010
|
Bought
4.07 K USD
|
Dyer William B.
Head of Underwriting
|
+ 1100
|
3.7 USD |
|
14 years ago
Feb 16, 2010
|
Bought
14.4 K USD
|
Dyer William B.
Head of Underwriting
|
+ 3900
|
3.6999 USD |
|
14 years ago
Feb 12, 2010
|
Bought
28.7 K USD
|
Diamond Jeremy
Director
|
+ 8000
|
3.59 USD |
|
14 years ago
Feb 10, 2010
|
Bought
74.2 K USD
|
WOSCHENKO CHRISTIAN J
Head of Investments
|
+ 20000
|
3.71 USD |
|
14 years ago
Feb 10, 2010
|
Bought
92.8 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 25000
|
3.71 USD |
|
14 years ago
Feb 10, 2010
|
Bought
91.8 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 25000
|
3.67 USD |
|
14 years ago
Feb 10, 2010
|
Bought
18.6 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 5000
|
3.71 USD |
|
15 years ago
Dec 31, 2009
|
Bought
45 K USD
|
ABRAMS MARK
Director
|
+ 11598
|
3.88 USD |
|
15 years ago
Dec 31, 2009
|
Bought
45 K USD
|
DONLIN PAUL
Director
|
+ 11598
|
3.88 USD |
|
15 years ago
Dec 31, 2009
|
Bought
95 K USD
|
KEENAN PAUL A
Director
|
+ 24485
|
3.88 USD |
|
15 years ago
Aug 17, 2009
|
Bought
17.6 K USD
|
Dyer William B.
Head of Underwriting
|
+ 5000
|
3.52 USD |
|
15 years ago
Aug 12, 2009
|
Bought
19 K USD
|
Diamond Jeremy
Director
|
+ 5000
|
3.8 USD |
|
15 years ago
May 07, 2009
|
Bought
52.5 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 15000
|
3.5 USD |
|
15 years ago
May 07, 2009
|
Bought
52.5 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 15000
|
3.5 USD |
|
15 years ago
Apr 15, 2009
|
Bought
300 K USD
|
DONLIN PAUL
Director
|
+ 100000
|
3 USD |
|
15 years ago
Mar 18, 2009
|
Bought
28.1 K USD
|
ABRAMS MARK
Director
|
+ 10000
|
2.81 USD |
|
15 years ago
Feb 17, 2009
|
Bought
234 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 80000
|
2.93 USD |
|
15 years ago
Feb 12, 2009
|
Bought
57.6 K USD
|
LAMBIASE MATTHEW
CEO, President and Director
|
+ 20000
|
2.88 USD |
|
16 years ago
Nov 19, 2008
|
Sell 250 K
USD
|
ValueAct Holdings, L.P.
10 percent owner
|
- 100000
|
2.5 USD |
|
16 years ago
Nov 13, 2008
|
Sell 146 K
USD
|
ValueAct Holdings, L.P.
10 percent owner
|
- 49500
|
2.95 USD |
|
16 years ago
Nov 14, 2008
|
Sell 318 K
USD
|
ValueAct Holdings, L.P.
10 percent owner
|
- 107700
|
2.95 USD |
|
16 years ago
Nov 17, 2008
|
Sell 280 K
USD
|
ValueAct Holdings, L.P.
10 percent owner
|
- 100000
|
2.8 USD |
|
16 years ago
Jun 30, 2008
|
Bought
333 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 37000
|
8.99 USD |
|
16 years ago
Jun 30, 2008
|
Bought
26.9 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 3000
|
8.97 USD |
|
16 years ago
Jun 27, 2008
|
Bought
908 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 100000
|
9.08 USD |
|
16 years ago
Jun 27, 2008
|
Bought
1.35 M USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 150000
|
9.01 USD |
|
16 years ago
Jun 18, 2008
|
Bought
375 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 34800
|
10.78 USD |
|
16 years ago
Jun 17, 2008
|
Bought
717 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 65200
|
10.99 USD |
|
16 years ago
Jun 17, 2008
|
Bought
549 K USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 50000
|
10.98 USD |
|
16 years ago
Jun 16, 2008
|
Bought
1.11 M USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 103200
|
10.71 USD |
|
16 years ago
Jun 13, 2008
|
Bought
1.19 M USD
|
ValueAct Holdings, L.P.
10 percent owner
|
+ 108400
|
10.94 USD |
7. News
Chimera Declares Fourth Quarter 2024 Common Stock Dividend
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on January 31, 2025 to common stockholders of record on December 31, 2024. The ex-dividend date is December 31, 2024. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing directly or indirectly,.
businesswire.com
- 1 month ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
seekingalpha.com
- 1 month ago
A Preferred Share Worth Scrutinizing From Chimera
CIM-A's 8% coupon rate and 8.6% strip yield are overshadowed by limited upside and better alternatives, making it an unattractive investment above $23.20. The potential upside for CIM-A is capped at around 7.7%, with low likelihood of being called unless interest rates drop significantly with the economy remaining very strong. Baby bonds from Chimera Investment Corporation offer superior benefits, including mandatory interest payments, higher capital stack priority, and over 9% yield to maturity.
seekingalpha.com
- 1 month ago
Preferred Stock Of Chimera Is Reasonably Valued, Despite Its Outsized Return
I recommended Chimera Investment Corporation's preferred stock for its 10% dividend yield and wide margin of safety, resulting in a 46% total return since April 2023. With inflation cooling and interest rates decreasing, Chimera's preferred stock remains attractive, offering a floating yield of 10.1%. Chimera's preferred dividend is safer than its common dividend, supported by historical resilience even during severe economic downturns.
seekingalpha.com
- 1 month ago
Chimera Investment Corporation Completes Acquisition of Palisades Group
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) announced today that it has completed the previously announced acquisition of Palisades Group (“Palisades”), a U.S.-based alternative asset manager founded in 2012 that specializes in residential real estate credit. Upon closing, which occurred on December 2, 2024, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, became Chimera's Chief Investment Officer. Pursuant to the terms of the agre.
businesswire.com
- 1 month ago
Select High Yield Preferreds Remain Opportunistically Priced
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Despite overall price rises, select REIT preferreds remain deeply discounted, offering high yields and substantial capital appreciation potential. Mispricing due to accrued dividends and variable rate conversions presents lucrative opportunities in preferreds.
seekingalpha.com
- 1 month ago
A Decisive Realignment
U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely "trifecta" of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and "pro-growth" economic policies but also reflected concern over deficits and immigration policy. Characteristic of the "Trump trade" dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500.
seekingalpha.com
- 2 months ago
Chimera Investment: Turnaround In Progress
The third quarter showed positive financial metrics, but earnings did not cover the dividend, reflecting ongoing challenges. Chimera's recent acquisition of an alternative asset manager and leadership changes signal a potential turnaround, but integration risks remain. With a favorable macro environment and the potential for future dividend increases, the Company has potential.
seekingalpha.com
- 2 months ago
Chimera Appoints New Independent Board Member Cynthia B. Walsh
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Cynthia B. Walsh has been elected to the Company's Board of Directors as a Class III Director, effective December 1, 2024. Ms. Walsh has over 37 years of experience across multiple roles in the financial industry. Since 2011, She has served as President of Walsh Advisors, a registered investment advisory firm that focuses on capital allocation, equity and fixed income markets,.
businesswire.com
- 2 months ago
Chimera Investment Corporation (CIM) Q3 2024 Earnings Call Transcript
Chimera Investment Corporation (NYSE:CIM ) Q3 2024 Earnings Conference Call November 6, 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 - CIO Conference Call Participants Trevor Cranston - Citizens JMP Doug Harter - UBS Francesco Labetti - KBW Jake Katsikis - BTIG Operator Greetings, and welcome to the Chimera Investment Corporation Third Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
seekingalpha.com
- 2 months ago
Chimera Investment (CIM) Q3 Earnings and Revenues Miss Estimates
Chimera Investment (CIM) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago.
zacks.com
- 2 months ago
Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends
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. The dividend is payable December 30, 2024 to preferred shareholders of record on December 2, 2024. The ex-dividend date is December 2, 2024. The Board of Directors of Chimera also announced the declaration of its fourth quarter cash dividend of $0.6654 per share of 8% Series B Fixed-to-Floating Rate Cu.
businesswire.com
- 2 months ago
8. Profile
Summary
Chimera Investment Corporation CIM
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 1.16 B
Dividend Yield
7.11%
Description
Chimera Investment Corporation operates as a real estate investment trust (REIT) 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 residential, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a REIT. In addition, the company invests in investment, non-investment grade, and non-rated classes. The company was incorporated in 2007 and is based in New York, New York.
Contact
630 Fifth Avenue, New York, NY, 10111
https://www.chimerareit.com
IPO
Date
Nov. 29, 2007
Employees
39
Officers
Mr. Dan Thakkar
Chief Credit & Risk Officer
Mr. Jack Lee Macdowell Jr., C.F.A., CFA
Chief Investment Officer
Ms. Miyun Sung J.D.
Chief Legal Officer & Corporate Secretary
Victor Falvo
Head of Capital Markets
Mr. Phillip John Kardis II, Esq., J.D.
President, Chief Executive Officer & Director
Mr. Subramaniam Viswanathan
Chief Financial Officer & Principal Accounting Officer