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

13.61

Mkt cap

1.1B

Volume

395K

High

13.66

P/E Ratio

12.39

52-wk high

16.89

Low

13.42

Div yield

0.10

52-wk low

11.29

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

Chimera Investment (CIM) reported Q3 earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37. This is a decrease from $0.39 per share a year ago.

Portfolio Pulse from

November 06, 2024 | 2:15 pm

Chimera has declared its fourth quarter 2024 cash dividends for its Series A and Series B preferred stocks, with payments scheduled for December 30, 2024.

Portfolio Pulse from

November 06, 2024 | 12:00 pm

Chimera Investment Corporation reported its Q3 2024 earnings, with a GAAP net income of $1.39 per diluted share and earnings available for distribution of $0.36 per share. The GAAP book value was $22.35 per share, with an economic return of 6.82% for the quarter.

Portfolio Pulse from

November 06, 2024 | 12:00 pm

Chimera Investment announced that its transaction with Palisades is expected to expand its residential credit reach and positively impact earnings by 2025.