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 commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a REIT and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2007 and is headquartered in New York, New York.
IPO Year: 2007
Exchange: NYSE
Website: chimerareit.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/6/2023 | $5.50 | Neutral | UBS |
1/10/2022 | $11.00 → $14.00 | Underweight | Barclays |
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Board Declares Third Quarter 2024 Dividend of $0.37 Per Share of Common Stock The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on October 31, 2024 to common stockholders of record on September 30, 2024. The ex-dividend date is September 30, 2024. "We are pleased to announce an increase in our common stock dividend for the second consecutive quarter," said Phillip J. Kardis II, President and CEO of Chimera. "We continue to seek opportunities to maximize shareholder value as we enter a more favorable interest rate environment." About Chimera Investment Corporation Chim
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807009689/en/ Financial Highlights(1): 2ND QUARTER GAAP NET INCOME OF $0.41 PER DILUTED COMMON SHARE 2ND QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.37 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $21.27 PER COMMON SHARE AT JUNE 30, 2024, AND ECONOMIC RETURN(3) OF 1.4% AND 8.4% FOR THE QUARTER, AND SIX MONTHS ENDED JUNE 30, 2024, RESPECTIVELY. "This quarter we continued to access the capital markets and acquire accretive assets including
BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.7111 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.484375 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.7006 PER SHARE OF 8.00% SERIES D FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumul
Chimera Investment Corporation (NYSE:CIM) announced that on July 30, 2024 it had sponsored CIM 2024-R1, a $468.1 million securitization of seasoned reperforming residential mortgage loans. Securities issued by CIM 2024-R1, with an aggregate balance of approximately $351.8 million, were sold in a private placement to institutional investors. These senior securities represented approximately 75.15% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $116.3 million and certain interest-only securities. Chimera also retained an option to call the securitized mortgage loans when their unpaid principal balance is less than or e
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-calendar A replay of the call will be available for two weeks following the conference call. Conference Call Replay: U.S. Toll Free (87
BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.35 PER SHARE OF COMMON STOCK The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024. Disclaimer This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estima
Chimera Investment Corporation (NYSE:CIM) (the "Company" or "Chimera") announced today that its Board of Directors has unanimously approved a reverse stock split of the Company's common stock at a ratio of 1-for-3. 1-for-3 Reverse Stock Split The reverse stock split is expected to take effect following the close of business on May 21, 2024 (the "Effective Time"). Accordingly, at the Effective Time, every three issued and outstanding shares of the Company's common stock will be converted into one share of the Company's common stock. The Company's common stock is expected to begin trading on the New York Stock Exchange on a post-reverse stock split basis beginning on May 22, 2024, under a
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509401236/en/ Financial Highlights: 1ST QUARTER GAAP NET INCOME OF $0.45 PER DILUTED COMMON SHARE 1ST QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(1) OF $0.12 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $7.11 PER COMMON SHARE "Chimera's book value increased in the first quarter to $7.11 per share and generated an economic return (2) of 7% for the period," said Phillip J. Kardis, Chimera's President and CEO. "Since the beginning of the year, we acq
BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.7094 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.484375 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.6989 PER SHARE OF 8.00% SERIES D FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumula
Chimera Investment Corporation (NYSE:CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ending March 31,2024 on Thursday, May 9, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 9, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast https://www.chimerareit.com/news-events/ir-calendar A replay of the call will be available for two weeks following the conference call. Conference Call Replay: U.S. Toll Free
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Board Declares Third Quarter 2024 Dividend of $0.37 Per Share of Common Stock The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on October 31, 2024 to common stockholders of record on September 30, 2024. The ex-dividend date is September 30, 2024. "We are pleased to announce an increase in our common stock dividend for the second consecutive quarter," said Phillip J. Kardis II, President and CEO of Chimera. "We continue to seek opportunities to maximize shareholder value as we enter a more favorable interest rate environment." About Chimera Investment Corporation Chim
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 Stock Exchange to begin on August 22, 2024. The Notes have received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. "Today's bond offering, our second for 2024, bring
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 customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol "CIMO" and, if the application is approved, expects trading in the Notes on the New York Stock Exchange
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807009689/en/ Financial Highlights(1): 2ND QUARTER GAAP NET INCOME OF $0.41 PER DILUTED COMMON SHARE 2ND QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.37 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $21.27 PER COMMON SHARE AT JUNE 30, 2024, AND ECONOMIC RETURN(3) OF 1.4% AND 8.4% FOR THE QUARTER, AND SIX MONTHS ENDED JUNE 30, 2024, RESPECTIVELY. "This quarter we continued to access the capital markets and acquire accretive assets including
BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.7111 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.484375 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES THIRD QUARTER 2024 DIVIDEND OF $0.7006 PER SHARE OF 8.00% SERIES D FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumul
Chimera Investment Corporation (NYSE:CIM) announced that on July 30, 2024 it had sponsored CIM 2024-R1, a $468.1 million securitization of seasoned reperforming residential mortgage loans. Securities issued by CIM 2024-R1, with an aggregate balance of approximately $351.8 million, were sold in a private placement to institutional investors. These senior securities represented approximately 75.15% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $116.3 million and certain interest-only securities. Chimera also retained an option to call the securitized mortgage loans when their unpaid principal balance is less than or e
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-calendar A replay of the call will be available for two weeks following the conference call. Conference Call Replay: U.S. Toll Free (87
BOARD DECLARES SECOND QUARTER 2024 DIVIDEND OF $0.35 PER SHARE OF COMMON STOCK The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024. Disclaimer This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estima
Chimera Investment Corporation (NYSE:CIM) (the "Company") announced today that it has closed its previously announced underwritten public offering of $65 million aggregate principal amount of its 9.000% senior notes due 2029 (the "Notes"). The Company has applied to list the Notes on the New York Stock Exchange under the symbol "CIMN" and expects trading in the Notes on the New York Stock Exchange to begin on May 28, 2024. Following pricing, the Notes received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. "Chimera is pleased to announce the closing of the Notes offering," said Phillip J. Kardis, Chimera's President and CEO.
Chimera Investment Corporation (NYSE:CIM) (the "Company") announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.00% 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 May 22, 2024, subject to the satisfaction of customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol "CIMN" and, if the application is approved, expects trading in the Notes on the New York Stock Exchange to b
UBS initiated coverage of Chimera Investment with a rating of Neutral and set a new price target of $5.50
Barclays reiterated coverage of Chimera Investment with a rating of Underweight and set a new price target of $14.00 from $11.00 previously
Raymond James resumed coverage of Chimera Investment with a rating of Hold
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Chimera Investment Corporation (NYSE:CIM) (the "Company" or "Chimera") announced today that Susan Mills has been elected to the Company's Board of Directors as a Class I Director, effective November 13, 2023. Ms. Mills is currently a Managing Director at Academy Securities ("Academy"), veteran-owned and operated investment bank with strengths in capital markets, asset management, public finance, geopolitical intel, fixed income and equity trading. Prior to that, she spent 36 years at Citigroup Global Markets ("Citi") as the successor to Salomon Brothers. "We are pleased to welcome Ms. Mills to our Board," said Gerry Creagh, Chairman of the Board. "She has extraordinary expertise in the
Chimera Investment Corporation (NYSE:CIM) (the "Company") announced today that on March 24, 2022, John P. Reilly, an independent member of the Board of Directors (the "Board") of the Company since April 2010, notified the Company that he will not stand for re-election at the Company's 2022 Annual Meeting of Stockholders. Mr. Reilly's term will end at the conclusion of the Company's 2022 Annual Meeting Date. "The Company thanks Mr. Reilly for his many years of service. Mr. Reilly has been a key component of our success having been a member of our Nominating/Corporate Governance Committee and our Compensation Committee and served on those committees with distinction. We are sad to see him go
Chimera Investment Corporation (NYSE:CIM) (the "Company") announced today that Sandra Bell has been appointed to the Company's Board of Directors as a Class II Director. Ms. Bell will stand for election at the Company's 2022 shareholder meeting for the remaining two years of the Class II Director term. Ms. Bell will serve on the Audit Committee, as a Financial Expert, and the Risk Committee of the Company's Board of Directors. Ms. Bell has been the Chief Financial Officer of Tiptree Inc. (NASDAQ:TIPT) since July 2015. Previously, Ms. Bell served as Chief Financial Officer of Prospect Mortgage, a private equity owned mortgage originator and servicer, and as Chief Financial Officer of PHH Co
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation, Inc. (NYSE:CIM) (the “Company”) announced today that Kevin G. Chavers has been appointed to the Company’s Board of Directors. Mr. Chavers will serve as Chair of the Compensation Committee and on the Risk Committee of the Company’s Board of Directors. Mr. Chavers has over 34 years of experience across multiple roles in the real estate finance and mortgage industry. He served as Managing Director of BlackRock in the Global Fixed Income and Securitized Asset Investment Team until April 2021, focusing on residential mortgage related assets, including RMBS, whole loans and MSRs. Mr. Chavers also served on the leadership team o
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that on March 31, 2021, Dennis Mahoney, an independent member of the Board of Directors (the “Board”) of the Company since April 2010, notified the Company that he will not stand for re-election at the Company’s 2021 Annual Meeting of Shareholders, and that Paul Donlin, an independent member of the Board of the Company since November 2007, notified the Company that he will retire from the Board on the date of the Company’s 2021 Annual Meeting of Shareholders. Their respective terms will end on the day of the Company’s 2021 Annual Meeting Date. “The Company thanks Mr. Donlin and M
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.30 per common share. The dividend is payable January 29, 2021 to common stockholders of record on December 30, 2020. The ex-dividend date is December 29, 2020. 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, 2020 to preferred shareholders of record on December 15, 2020. The ex-dividend date is December 14, 2020. The Board of Directors of Chimera also announced the declaration
Keefe, Bruyette & Woods analyst Bose George maintains Chimera Investment (NYSE:CIM) with a Market Perform and maintains $15 price target.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Monday. Shares of Seritage Growth Properties (NYSE:SRG) fell sharply in today's pre-market trading after the company reported a loss for the first quarter. The company posted a quarterly loss of 36 cents per share, versus a year-ago loss of $1.13 per share, according to data from Benzinga Pro. Seritage Growth Properties shares dipped 23.6% to $7.12 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Vitesse Energy, Inc. (NYSE:VTS) shares declined 10.2% to $21.64 in pre-market trading. Vitesse Energy, last week, posted downbeat qu
Chimera Investment (NYSE:CIM) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.17 by 29.41 percent. The company reported quarterly sales of $65.11 million which missed the analyst consensus estimate of $69.96 million by 6.93 percent. This is a 6.50 percent decrease over sales of $69.64 million the same period last year.
Chimera Investment (NYSE:CIM) reported quarterly Adj earnings of $0.13 per share which missed the analyst consensus estimate of $0.17 by 23.53 percent. This is a 18.18 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $64.65 million which missed the analyst consensus estimate of $78.92 million by 18.08 percent.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion. • CAE (NYSE:CAE) is estimated to report quarterly earnings at $0.18 per share on revenue of $819.57 million. • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.42 per share on revenue of $6.66 billion. • Great Lakes Dredge & Dock (NASDAQ:GLDD) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.47 million. • Louisiana-Pacific (NYSE:LPX) is likely to report quarterly earnings at $0.55 per share on revenue of $619.97 million. • Martin Marietta Materials (NYSE:MLM) is projected to repor
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching: RMR Gr (NASDAQ:RMR) - P/E: 7.47 Seven Hills Realty Trust (NASDAQ:SEVN) - P/E: 6.71 Corporacion Inmobiliaria (NYSE:VTMX) - P/E: 9.48 Comstock Holding Co (NASDAQ:CHCI) - P/E: 6.74 Chimera Investment (NYSE:CIM) - P/E: 9.34 This quarter, RMR Gr experienced an increase in earnings per share, which was $0.48 i
Chimera Investment's (NYSE:CIM) short percent of float has fallen 11.87% since its last report. The company recently reported that it has 5.54 million shares sold short, which is 2.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int