Chimera Investment Corporation (CIM) is a highly respected specialty finance company that operates primarily in the United States. Founded in 2007, its main office is in New York, NY, and it trades on the New York Stock Exchange under the ticker symbol "CIM."
CIM operates within the real estate sector, primarily dealing with mortgage-backed securities, residential mortgage loans, commercial mortgage loans, and other real estate-related securities. It focuses on both mortgage securities and loans, which are made by third-party lenders for both commercial and residential properties.
The business model of CIM is designed to create profit by leveraging the differential between the yield on its purchased mortgage assets and the cost of borrowing to finance these investments. The corporation has a portfolio worth billions of dollars filled with residential mortgage-backed securities, residential mortgage loans, and other real estate-related assets.
To ensure the steady expansion of its investment portfolio, Chimera depends on an experienced management team that has an in-depth understanding of the global financial markets. It continues to capitalize on its management's market experience and insight to generate attractive returns for its investors. Chimera also leverages its partnership with Fixed Income Discount Advisory Company (FIDAC), a wholly-owned subsidiary of Annaly Capital Management Inc., a leading diversified capital manager that provides a comprehensive range of financing solutions.
Chimera Investment Corporation operates as a Real Estate Investment Trust (REIT) for tax purposes. This designation requires the corporation to distribute at least 90% of its taxable income to its shareholders annually in the form of dividends. This setup provides investors an attractive yield compared to other investment vehicles.
For over a decade, CIM has been providing its investors with a steady income stream despite the challenging environment brought about by the global financial crisis. The company's robust risk management practices and credit analysis have enabled it to navigate the volatility of the mortgage market and yield an attractive risk-adjusted return.
As of today, Chimera Investment Corporation has proven itself to be a reliable performer in the Real Estate Investment Trust industry. Its commitment to strategic investments, risk management, and maximizing shareholder value continues to drive its robust financial performance. The corporation's financial stability, combined with its skilled management team, solidifies its position as a leader in the mortgage finance industry.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Chimera Investment Corporation (NYSE:CIM) experienced a significant 23.6% increase in short interest in January, reaching 2,202,204 shares, representing approximately 2.7% of its shares with a days-to-cover ratio of 2.8 days. Despite beating EPS estimates, the company missed revenue expectations. Chimera recently raised its quarterly dividend to $0.45, offering a 12.8% yield, while analysts maintain a consensus "Hold" rating with an average price target of $14.50.
Chimera Investment (NYSE:CIM) reported Q4 EPS of $0.53, exceeding analyst estimates by $0.03, though revenue of $72.01 million missed expectations. The company also announced a 22% increase in its quarterly dividend to $0.45, which the board expects to maintain throughout 2026. Key strategic moves include the acquisition of Home Express and increased Agency RMBS exposure, aimed at boosting income and liquidity, despite a slight decline in GAAP book value and elevated leverage.
Chimera Investment Corp. (CIM) reported a Q4 profit of $28.3 million, or 8 cents per share, with adjusted earnings of 53 cents per share. The company's revenue for the quarter was $220.3 million, and its adjusted revenue was $66.2 million. For the full year, Chimera reported a profit of $230.5 million ($1.72 per share) on $266.4 million in revenue.
Chimera Investment Corp. announced its financial results for the fourth quarter, reporting a net income of $28.3 million and adjusted earnings of $0.53 per share. The company generated $220.3 million in total revenue for the quarter. For the full year, Chimera recorded a profit of $230.5 million with annual revenue reaching $266.4 million.
Chimera Investment Corp. announced its fourth-quarter earnings, reporting a profit of $28.3 million, or 8 cents per share. Adjusted for non-recurring costs, earnings were 53 cents per share, with revenue of $220.3 million. For the full year, the company posted a profit of $230.5 million on revenues of $266.4 million.
Wolverine Asset Management LLC reduced its stake in Chimera Investment Corporation by 30.8% in the third quarter, selling 234,897 shares and retaining 526,925 shares valued at $6.97 million. Despite other institutional investors increasing their holdings, Chimera Investment missed its quarterly earnings expectations and declared a quarterly dividend of $0.37 per share, representing an 11.2% yield. Analysts currently have an average "Hold" rating on the stock with a consensus target price of $14.50.
Chimera Investment Corporation (NYSE:CIM) has received an average "Hold" rating from brokerages, with an average 12-month price target of $14.50. The real estate investment trust recently announced a quarterly dividend of $0.37 per share, yielding 11.3%, and reported quarterly EPS of $0.46. Several hedge funds have also adjusted their positions in CIM, highlighting institutional interest in the company.
Institutional investors currently hold a 54% stake in Chimera Investment Corporation (NYSE:CIM), indicating significant confidence but also potential vulnerability to their collective trading decisions. The Vanguard Group and BlackRock are among the largest shareholders, with 25 top shareholders collectively owning less than 50%, preventing single-entity majority control. Insiders also own a significant amount, signaling alignment with shareholders.
Chimera Investment Corporation (NYSE:CIM) declared a quarterly dividend of $0.37 per share, payable on January 30th to shareholders of record on December 31st. This dividend translates to an 11.4% yield and has a payout ratio of 77.9%, suggesting it is currently covered by earnings. Analysts maintain a consensus "Hold" rating for CIM, with a target price of $14.50.
Chimera Investment Corporation (NYSE:CIM) has received an average "Hold" rating from analysts, with a consensus target price of $14.50. Recent analyst actions include a downgrade from "outperform" to "sector perform" by Royal Bank Of Canada and an upgrade from "sell" to "hold" by Wall Street Zen. The company's shares are trading around $12.58, and it recently declared a quarterly dividend of $0.37 per share, representing an annualized yield of 11.8%.