Streetbeat News

CIM

Chimera Investment Corporation

https://www.chimerareit.com

Industry

REIT - Mortgage

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.

Open

13.85

Mkt cap

1.1B

Volume

415K

High

13.97

P/E Ratio

12.50

52-wk high

16.89

Low

13.74

Div yield

0.10

52-wk low

11.29

Chimera Investment Corporation (CIM) held its Q4 2024 earnings call, providing insights into its financial performance and future outlook.

Portfolio Pulse from

February 12, 2025 | 4:30 pm

Chimera Investment Corporation has corrected its 4th quarter 2024 earnings report, updating the GAAP net income per diluted common share from $2.04 to $2.07.

Portfolio Pulse from

February 12, 2025 | 2:30 pm

Chimera Investment (CIM) reported Q4 earnings of $0.37 per share, surpassing the Zacks Consensus Estimate of $0.36 per share, but slightly down from $0.39 per share a year ago.

Portfolio Pulse from

February 12, 2025 | 2:15 pm

Chimera Investment Corporation reported a GAAP net loss of $2.04 per diluted common share for Q4 2024, but had earnings available for distribution of $0.37 per share. For the full year, the company reported a GAAP net income of $90 million and earnings available for distribution of $121 million.

Portfolio Pulse from

February 12, 2025 | 12:00 pm

BTQ Technologies Corp. has acquired advanced computing-in-memory intellectual property from Cimtech Technology Co. to enhance its post-quantum cryptography and quantum-secure communication capabilities. This acquisition includes state-of-the-art CIM IP developed using TSMC's 28nm HPC process.

Portfolio Pulse from

January 15, 2025 | 12:45 pm

Chimera's preferred share CIM-A, with an 8% coupon rate and 8.6% strip yield, is considered unattractive above $23.20 due to limited upside and better alternatives. Baby bonds from Chimera offer superior benefits, including mandatory interest payments and over 9% yield to maturity.

Portfolio Pulse from

December 07, 2024 | 12:30 pm

Chimera Investment Corporation's preferred stock is recommended for its 10% dividend yield and safety margin, achieving a 46% total return since April 2023. With cooling inflation and decreasing interest rates, it remains attractive with a 10.1% floating yield.

Portfolio Pulse from

December 03, 2024 | 9:00 pm

Chimera Investment Corporation has completed its acquisition of Palisades Group, a U.S.-based alternative asset manager specializing in residential real estate credit. Jack Macdowell, Jr., co-founder and CIO of Palisades, is now Chimera's CIO.

Portfolio Pulse from

December 03, 2024 | 11:45 am

Chimera Investment is showing signs of a potential turnaround with positive financial metrics in Q3, despite earnings not covering the dividend. Recent acquisitions and leadership changes indicate progress, but integration risks persist.

Portfolio Pulse from

November 08, 2024 | 10:15 am

Chimera Investment Corporation (CIM) held its Q3 2024 earnings call, discussing financial performance and future outlook.

Portfolio Pulse from

November 06, 2024 | 4:00 pm

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