Chimera Investment

Chimera Investment Corp. operates as a real estate investment trust. engaged in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets The firm's objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The company was founded on June 1, 2007 and is headquartered in New York, NY.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Chimera Investment tackles challenges, focuses on strategic growth initiatives

Chimera Investment (CIM) navigated challenges from inflation and interest rate hikes by focusing on strategic initiatives and financial improvements.
The company's strengths in portfolio diversification, acquiring diverse loan types, and enhancing book value per common share were highlighted.
Addressing concerns around hedging strategies, dividend sustainability, and equity financing will be key to sustaining shareholder value and financial stability.

Chimera Investment reports robust Q1 performance amidst market challenges

Chimera Investment's Q1 earnings call highlighted strong performance, resilience in the face of challenges, and opportunities for growth. The company's financial metrics, strategic actions, and positive outlook position it well for the future.

Chimera Investment Q2 2023: Solid Performance Amidst Market Challenges

Chimera Investment reported solid financial metrics in Q2 2023, with a focus on maintaining economic return amidst market challenges.
The company demonstrated strategic initiatives to address rising rates, reduce financing costs, and enhance shareholder value through stock buybacks.
While facing challenges such as declining book value per share and constant expenses, Chimera remains optimistic about its position in the market.
Opportunities lie in leveraging a strong economy, preparedness for rate hikes, and strategic investments to drive future growth and profitability.

Chimera Investment adapts to high rates, optimistic on future growth

Chimera Investment navigated market challenges by focusing on liquidity management and reducing dividend to align with earnings.
Despite economic uncertainties, the company remains optimistic about future performance and is proactive in managing its financial position.
Strong portfolio performance and stable interest income position Chimera Investment well to capitalize on growth opportunities and optimize returns.

Chimera Investment excels in Q4 amidst market volatility, eyes growth opportunities

Chimera Investment's Q4 2023 earnings call highlighted a robust performance amidst market volatility, emphasizing strategic acquisitions and capital deployment. The company's proactive stance on optimizing investments and managing expenses positions it well for growth in 2024.

Chimera Investment (CIM) reports solid Q1 performance and eyes growth opportunities

Chimera Investment's Q1 2024 earnings call highlighted strong financial results, prudent balance sheet actions, and strategic interest rate risk management. The company faces challenges in capital deployment decisions but has opportunities to optimize its EAD outlook and ROE. Overall, Chimera Investment remains well-positioned for growth and value creation in the evolving market landscape.

Chimera Investment reports stable Q2 performance amidst market challenges

Chimera Investment (CIM) navigated market challenges with stable financial performance and strategic achievements in Q2 2024.
While facing uncertainties in the economy and interest rate environment, the company capitalized on housing market resilience and effective risk management.
Opportunities for growth and diversification exist, positioning Chimera Investment for continued success in the evolving financial landscape.

Chimera Investment posts strong Q3 results, eyes strategic growth

Chimera Investment (CIM) delivered robust financial performance in Q3 2024, driven by strategic acquisitions and dividend increases. While facing challenges related to interest rate exposure, the company remains focused on enhancing shareholder value and pursuing growth opportunities.

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Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate-related assets. The company was founded on June 1, 2007 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the second quarter ended June 30, 2024. Financial Highlights(1): 2ND QUARTER GAAP NET INCOME OF $0.41 PER DILUTED COMMON SHARE 2ND QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.37 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $21.27 PER COMMON SHARE AT JUNE 30, 2024, AND ECONOMIC RETURN(3) OF 1.4% AND 8.4% FOR THE QUARTER, AND SIX MONTHS ENDED JUNE 30, 2024, RESPECTIVELY. “This qu.

CHIMERA INVESTMENT CORPORATION REPORTS 2ND QUARTER 2024 EARNINGS

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable September 30, 2024 to preferred shareholders of record on September 3, 2024. The ex-dividend date is September 3, 2024. The Board of Directors of Chimera also announced the declaration of its third quarter cash dividend of $0.7111 per share of 8% Series B Fixed-to-Floating Rate C.

Chimera Declares Third Quarter 2024 Preferred Stock Dividends

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Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced that on July 30, 2024 it had sponsored CIM 2024-R1, a $468.1 million securitization of seasoned reperforming residential mortgage loans. Securities issued by CIM 2024-R1, with an aggregate balance of approximately $351.8 million, were sold in a private placement to institutional investors. These senior securities represented approximately 75.15% of the capital structure. Chimera retained subordinate interests in sec.

Chimera Investment Corporation Sponsors Residential Mortgage Loan Securitization

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the second quarter June 30, 2024 on Wednesday, August 7, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, August 7, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (888) 645-4404 International (862) 298-0702 Webcast https://www.chimerareit.com/news-events/ir-cal.

Chimera Investment Corporation Announces Date of Second Quarter 2024 Financial Results and Conference Call

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After a terrible start to the year, mortgage REITs are hot in July. Don't tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that. Quick commentary on MAIN.

Mortgage REITs Surging

BURLINGAME, Calif.--(BUSINESS WIRE)-- #AI--Quadric® today introduced the Chimera™ QC Series family of general-purpose neural processors (GPNPUs), a semiconductor intellectual property (IP) offering that blends the machine learning (ML) performance characteristics of a neural processing accelerator with the full C++ programmability of a modern digital signal processor (DSP). The third-generation implementation of the Chimera architecture, the QC family includes both single core and multicore cluster o.

Quadric's 3rd Generation Chimera GPNPU Product Family Expands to 864 TOPs, Adds Automotive-Grade Safety Enhanced Versions

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This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.

12%+ Dividend Yields Duel

Investors focused on dividend stocks for high yields will usually end up looking at mortgage real estate investment trusts (REITs) and business development companies (BDCs) because they offer extremely high yields. Mortgage REIT dividends tend to go down over time — so the trick to succeeding in these sectors is not buying and holding indefinitely.

3 Top Dividend Stocks With Yields Over 10% to Buy Now

The market currently undervalues Chimera's common stock by an enormous margin, trading it at price-to-book ratios that are far below its peers. The Company's track record is strong, showing positive EPS in 9 of the last 10 years, and the one exception, 2022, was due to interest rate challenges that are unlikely to recur. Chimera's loan portfolio is very strong, consisting nearly entirely of residential mortgage loans and related investments. Overall, Chimera's portfolio experiences very low loss rates, which seem unlikely to increase.

Chimera Investment: Great Value, Extreme Discount To Book

CIM preferreds B and D offer high dividend income with yields over 11%, well covered by assets and cashflows. The unique fixed-to-floating structure resulted in high yields, now offering a favorable reward-to-risk ratio for investors. Fundamental analysis of CIM's underlying business shows stability for preferred dividends, making them an opportunistic investment opportunity.

Chimera Preferreds Yield Over 11% With Fundamentally Medium Risk

Chimera Investment cut its dividend multiple times since FY 2022 and shrunk its portfolio, leading to a significant decline in book value. The Federal Reserve is nearing a rate cut decision which would benefit mortgage REITs like Chimera Investment. Chimera Investment's recently completed a 1-for-3 reverse stock split and raised its post-split dividend by 6%.

Chimera Investment: 10% Yield, Dividend Raise, 0.42X BV (Rating Upgrade)

Chimera Investment Corporation's preferred stock has offered a total return of 13.4% in less than 7 months. The company's common stock has faced challenges due to high interest rates, but the preferred stock remains stable and offers a 9.2% yield. Chimera's preferred stock is a safe investment with potential for capital gains if interest rates decrease, making it attractive for income-oriented investors.

The Preferred Stock Of Chimera Investment Remains Highly Attractive For Income-Oriented Investors

Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this time, we're putting even more money in.

12% Dividend Yield Sure Beats 8%

Chimera (CIM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Chimera (CIM) Stock Jumps 7.5%: Will It Continue to Soar?

We take a look at the action in preferreds and baby bonds through the first week of June and highlight some of the key themes we are watching. Most preferred sectors rallied alongside Treasuries, with sector yields just under 7% on a yield-to-worst basis. Mortgage REIT Chimera issued a new bond, now trading at an 8.7% yield-to-worst. We discuss it in the context of its preferreds.

Preferreds Weekly Review: Lots Of Moving Parts In CIM

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024. Disclaimer This press release includes “forward-looking statements” within the meaning of the safe.

Chimera Increases Second Quarter 2024 Common Stock Dividends to $0.35

We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here. We closed out one of our other high-yielding positions to lock in a substantial gain.

9%+ Yields For Bigger Income

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M&T Bank, Citizens Financial Group, AG Mortgage Investment Trust, Chimera Investment Corporation, and Southern California Edison priced new offerings of preferred stock and senior notes. The new shares and notes were rated by various credit rating agencies and traded temporarily on the OTC before moving to permanent symbols on the NYSE. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC, potentially avoiding capital losses if prices drop.

New Preferred Stock And Exchange Traded Debt IPOs, May 2024

Chimera (CIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Chimera (CIM) Upgraded to Strong Buy: What Does It Mean for the Stock?

Mortgage REITs are becoming more attractive as the central bank plans to lower interest rates and reduce financing costs. Chimera Investment Corporation is selling at a significant discount to book value and offers an 11% stock yield. The company's dividend was covered by earnings in the first quarter and could see potential re-rating once rate cuts are implemented.

Chimera Investment: I Am Still Buying This 11% Yielding Mortgage Trust

Chimera Investment Corporation (NYSE:CIM) has underperformed most mortgage REITs over the past year, with its stock reaching an all-time low below $11.50 as of May 24, 2024. This decline reflects a challenging environment for mortgage REITs, driven by rising interest rates and economic uncertainties.

Chimera Investment Corp. at all-time lows: Buy or avoid?

Chimera Investment stock is at a 5-year low, but the discount to book value is too wide, making it a cheap investment opportunity. The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance. Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business.

Chimera Investment: Discount To Book Value Is Attractive

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $65 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”). The Company has applied to list the Notes on the New York Stock Exchange under the symbol “CIMN” and expects trading in the Notes on the New York Stock Exchange to begin on May 28, 2024. Following pricing, the Notes received an inv.

Chimera Investment Corporation Announces Closing of Public Offering of $65 Million Senior Notes

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U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.

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News for Chimera Investment Stock (CIM)