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

14.60

Mkt cap

1.2B

Volume

353K

High

14.78

P/E Ratio

4.43

52-wk high

16.89

Low

14.50

Div yield

0.08

52-wk low

11.29

Chimera Investment Corporation has announced an increase in its quarterly dividend from $0.33 to $0.35 per share.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:16 pm

Seritage Growth Properties reported a Q1 loss, leading to a significant drop in its pre-market stock price. Other companies like Vitesse Energy, Chimera Investment, Fortrea Holdings, and several others also experienced declines in pre-market trading due to various reasons including disappointing earnings, reverse stock splits, and downgrades by analysts.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 12:31 pm

Chimera Investment has announced a 1-for-3 reverse stock split, a move that will reduce the number of shares outstanding and typically aims to increase the stock price by consolidating shares. This action is often taken by companies seeking to meet exchange listing requirements or to improve the stock's appeal to investors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:16 pm

Chimera Investment (CIM) reported Q1 2024 adjusted EPS of $0.12, missing the $0.17 estimate, and sales of $65.11M, below the $69.96M estimate. This represents a 6.50% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:51 am

Chimera Investment Corporation's shares traded lower following the announcement of disappointing Q4 results.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:20 pm

Chimera Investment reported Q4 adjusted earnings per share of $0.13, missing the consensus estimate of $0.17, and sales of $64.65M, below the estimate of $78.92M. This represents an 18.18% increase in earnings per share over the same period last year, despite the sales miss.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:07 pm

Earnings reports for various companies are scheduled for February 14, 2024. The report includes projections for earnings per share and revenue for a wide range of companies across different sectors, including technology, healthcare, industrial, consumer goods, and financial services. Some companies are expected to report losses, while others anticipate profits.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:48 am

Benzinga Insights identifies 5 value stocks in the real estate sector with low P/E ratios, suggesting potential undervaluation. The stocks include RMR Gr, Seven Hills Realty Trust, Corporacion Inmobiliaria, Comstock Holding Co, and Chimera Investment. Recent financial updates show changes in earnings per share and dividend yields for these companies, indicating varying degrees of financial health and potential for growth.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:39 pm

Chimera Investment (NYSE:CIM) has seen a decrease in short interest, with the short percent of float dropping 11.87% since the last report. The company has 5.54 million shares sold short, representing 2.45% of available shares. The average time to cover these short positions is 1.26 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Chimera's short interest is below its peer group average of 6.42%.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 2:45 pm

UBS analyst Douglas Harter has initiated coverage on Chimera Investment (NYSE:CIM) with a Neutral rating and set a price target of $5.5.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 12:52 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.