Chimera Investment Q4 Adj EPS $0.13 Misses $0.17 Estimate, Sales $64.65M Miss $78.92M Estimate

2/14/24 7:06:58 AM ET

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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.

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Recent Analyst Ratings for
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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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Chimera Appoints New Independent Board Member Cynthia B. Walsh
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, and alternative investments. "We are pleased to welcome Ms. Walsh to our Board," said Gerry Creagh, Chairman of the Board. "She has extraordinary expertise in the financial industry and vast fiduciary experience, and we belie
11/6/24 4:15:00 PM ET
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CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106429044/en/ Financial Highlights(1): 3RD QUARTER GAAP NET INCOME OF $1.39 PER DILUTED COMMON SHARE 3RD QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.36 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $22.35 PER COMMON SHARE AT SEPTEMBER 30, 2024, AND ECONOMIC RETURN(3) OF 6.82% AND 15.56% FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2024, RESPECTIVELY. "We feel good about our business. We continue to find new investment opportunities a
11/6/24 6:45:00 AM ET
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Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends
BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.6654 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.484375 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.6467 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 fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulat
11/6/24 6:45:00 AM ET
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CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106429044/en/ Financial Highlights(1): 3RD QUARTER GAAP NET INCOME OF $1.39 PER DILUTED COMMON SHARE 3RD QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.36 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $22.35 PER COMMON SHARE AT SEPTEMBER 30, 2024, AND ECONOMIC RETURN(3) OF 6.82% AND 15.56% FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2024, RESPECTIVELY. "We feel good about our business. We continue to find new investment opportunities a
11/6/24 6:45:00 AM ET
$CIM
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Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends
BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.50 PER SHARE OF 8% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.6654 PER SHARE OF 8.00% SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.484375 PER SHARE OF 7.75% SERIES C FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK BOARD DECLARES FOURTH QUARTER 2024 DIVIDEND OF $0.6467 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 fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulat
11/6/24 6:45:00 AM ET
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Chimera Investment Corporation (NYSE: CIM) ("Chimera") Announces Definitive Agreement to Acquire Palisades Group
Transaction Expected to Broaden Chimera's Residential Credit Reach and Be Accretive to Earnings in 2025 Chimera Investment Corporation (NYSE:CIM) ("Chimera") today announced that it has entered into a definitive agreement to acquire Palisades Group ("Palisades"), a U.S.-based alternative asset manager specializing in residential real estate credit. Founded in 2012, Palisades manages and invests in residential real estate assets across a broad spectrum of credit products. Upon closing, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, will become Chimera's Chief Investment Officer. Under the terms of the agreement, Chimera will acquire Palisades for cash considerat
10/17/24 6:30:00 AM ET
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Chimera Appoints New Independent Board Member Cynthia B. Walsh
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, and alternative investments. "We are pleased to welcome Ms. Walsh to our Board," said Gerry Creagh, Chairman of the Board. "She has extraordinary expertise in the financial industry and vast fiduciary experience, and we belie
11/6/24 4:15:00 PM ET
$CIM
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Chimera Appoints New Independent Board Member Susan Mills
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
11/1/23 7:12:00 PM ET
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Chimera Investment Corporation Announces Retirement of Independent Director
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
3/25/22 4:30:00 PM ET
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Chimera Investment Q4 Adj EPS $0.13 Misses $0.17 Estimate, Sales $64.65M Miss $78.92M Estimate

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Recent Analyst Ratings for $CIM

$CIM Press Releases

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Chimera Appoints New Independent Board Member Cynthia B. Walsh

CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS

Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends

$CIM Analyst Ratings

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UBS initiated coverage on Chimera Investment with a new price target

Barclays reiterated coverage on Chimera Investment with a new price target

Raymond James resumed coverage on Chimera Investment

$CIM Large Ownership Changes

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SEC Form SC 13G filed by Chimera Investment Corporation

SEC Form SC 13G/A filed by Chimera Investment Corporation (Amendment)

SEC Form SC 13G/A filed by Chimera Investment Corporation (Amendment)

$CIM Insider Trading

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Viswanathan Subramaniam covered exercise/tax liability with 13,948 shares, decreasing direct ownership by 4% to 301,728 units (SEC Form 4)

Thakkar Sudhanshu covered exercise/tax liability with 5,168 shares, decreasing direct ownership by 2% to 216,322 units (SEC Form 4)

Yarlagadda Choudhary covered exercise/tax liability with 13,016 shares, decreasing direct ownership by 0.61% to 2,123,065 units (SEC Form 4)

$CIM SEC Filings

Chimera Investment Corporation filed SEC Form 8-K: Creation of a Direct Financial Obligation, Entry into a Material Definitive Agreement

SEC Form CERT filed by Chimera Investment Corporation

SEC Form 8-A12B filed by Chimera Investment Corporation

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CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS

Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends

Chimera Investment Corporation (NYSE: CIM) ("Chimera") Announces Definitive Agreement to Acquire Palisades Group

Chimera Appoints New Independent Board Member Cynthia B. Walsh

Chimera Appoints New Independent Board Member Susan Mills

Chimera Investment Corporation Announces Retirement of Independent Director

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