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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 |
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
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
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
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 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
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
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SC 13G/A - CHIMERA INVESTMENT CORP (0001409493) (Subject)
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
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
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
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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