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.

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

The third quarter showed positive financial metrics, but earnings did not cover the dividend, reflecting ongoing challenges. Chimera's recent acquisition of an alternative asset manager and leadership changes signal a potential turnaround, but integration risks remain. With a favorable macro environment and the potential for future dividend increases, the Company has potential.

Chimera Investment: Turnaround In Progress

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) (the “Company” or “Chimera”) announced today that Cynthia B. Walsh has been elected to the Company's Board of Directors as a Class III Director, effective December 1, 2024. Ms. Walsh has over 37 years of experience across multiple roles in the financial industry. Since 2011, She has served as President of Walsh Advisors, a registered investment advisory firm that focuses on capital allocation, equity and fixed income markets,.

Chimera Appoints New Independent Board Member Cynthia B. Walsh

Chimera Investment Corporation (NYSE:CIM ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets and IR Phil Kardis - President and CEO Subra Viswanathan - CFO Dan Thakkar - CIO Conference Call Participants Trevor Cranston - Citizens JMP Doug Harter - UBS Francesco Labetti - KBW Jake Katsikis - BTIG Operator Greetings, and welcome to the Chimera Investment Corporation Third Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Chimera Investment Corporation (CIM) Q3 2024 Earnings Call Transcript

Chimera Investment (CIM) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.39 per share a year ago.

Chimera Investment (CIM) Q3 Earnings and Revenues Miss Estimates

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable December 30, 2024 to preferred shareholders of record on December 2, 2024. The ex-dividend date is December 2, 2024. The Board of Directors of Chimera also announced the declaration of its fourth quarter cash dividend of $0.6654 per share of 8% Series B Fixed-to-Floating Rate Cu.

Chimera Declares Fourth Quarter 2024 Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2024. Financial Highlights(1): 3RD QUARTER GAAP NET INCOME OF $1.39 PER DILUTED COMMON SHARE 3RD QUARTER EARNINGS AVAILABLE FOR DISTRIBUTION(2) OF $0.36 PER DILUTED COMMON SHARE GAAP BOOK VALUE OF $22.35 PER COMMON SHARE AT SEPTEMBER 30, 2024, AND ECONOMIC RETURN(3) OF 6.82% AND 15.56% FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2024, RESPE.

CHIMERA INVESTMENT CORPORATION REPORTS 3RD QUARTER 2024 EARNINGS

Arbor Realty Trust

AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Dynex Capital

Nuveen Select Maturity Municipal Fund

Mortgage REITs (mREITs) are becoming more attractive due to reduced RMBS spreads, alleviated negative convexity, lower cost of capital, and a positive carry from an uninverted yield curve. The macro environment shift suggests strong 3Q24 earnings for mREITs, making common shares potentially opportunistic and bolstering preferred dividend payments. Despite historical weaknesses, mREITs like AGNC could be worth considering at moderate discounts, with potential trading opportunities around earnings releases.

Encouraging Signs For Mortgage REITs

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) today announced that it has entered into a definitive agreement to acquire Palisades Group (“Palisades”), a U.S.-based alternative asset manager specializing in residential real estate credit. Founded in 2012, Palisades manages and invests in residential real estate assets across a broad spectrum of credit products. Upon closing, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, will becom.

Chimera Investment Corporation (NYSE: CIM) (“Chimera”) Announces Definitive Agreement to Acquire Palisades Group

Brandywine Realty

B&G Foods

Blackstone Mortgage Trust

Community Healthcare Trust

Ellington Financial

Global Medical REIT

Global Net Lease

New York Mortgage Trust

Orchid Island Capital

PennyMac Mortgage Investment

Two Harbors Investment

Uniti Group

Xerox

Recognizing that one day “Magnificent 7” stocks like Apple were once small cap stocks (those with market caps between $250 million and $2 billion), FTSE Russell, a subsidiary of the London Stock Exchange, created the Russell 2000  Index.

These 15 Stocks Are Among the Top Dividend Payers in the Russell 2000

Chimera Investment Corporation completed a 1-for-3 stock split and benefits from the central bank's push for lower short-term interest rates. CIM raised its dividend twice in 2024, resulting in a leading dividend yield of 9.8%, and covered its dividend well with distributable earnings. Chimera Investment's stock trades at a 29% discount to book value, presenting a high margin of safety for passive income investors.

Chimera: 10% Yield, 2 Dividend Hikes, 29% BV Discount

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, November 6, 2024, at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free 866-604-1613 International +1 201-689-7810 Webcast https://www.chimerareit.com/news-eve.

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

SYRACUSE, N.Y.--(BUSINESS WIRE)-- #Security--Chimera Integrations named SDM's 2024 Integrator of the Year for leadership in tech innovation, community impact, and rapid growth.

Chimera Integrations Named SDM's 2024 Integrator of the Year, Leading the Security Industry in Innovation, Community, and Growth

Ares Commercial Real Estate

We've got 5 shares in here plus a bonus. It's like 6, but easier to click. Some of these deals look better than others. Ex-dividend dates are coming up pretty soon for a few of them.

5 Shares Yielding 8% To 11%

Ares Capital

ARMOUR Residential REIT

Blackstone Secured Lending Fund

Capital Southwest

Golub Capital BDC

Granite Point Mortgage Trust

Main Street Capital

MFA Financial

Annaly Capital

Ready Capital Corp

Rithm Capital Corp

I frequently discuss high-yield sectors like mortgage REITs, BDCs, and preferred shares, emphasizing the importance of knowing when not to buy. Preferred shares have rallied above targets, reducing buying opportunities, while common shares offer higher risks. Some offer upside, but others mostly offer downside. I'll kick off the weekend by highlighting one with a high valuation, as investors pay top dollar for earnings that are about to melt away.

The High Yield Desert

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.37 per common share. The dividend is payable on October 31, 2024 to common stockholders of record on September 30, 2024. The ex-dividend date is September 30, 2024. “We are pleased to announce an increase in our common stock dividend for the second consecutive quarter,” said Phillip J. Kardis II, President and CEO of Chimera. “We continue to seek.

Chimera Increases Third Quarter 2024 Common Stock Dividends to $0.37

SYRACUSE, N.Y.--(BUSINESS WIRE)-- #Security--Chimera Integrations opens new Syracuse HQ, highlighted by its rankings on Inc 5000 and SDM 100, emphasizing robust growth and community focus.

Chimera Integrations Expands Operations, Opens New Office in Syracuse NY, Celebrates Awards

Angel Oak Mortgage

Valley National

Angel Oak Mortgage REIT, Valley National Bancorp, and Chimera Investment Corporation have introduced new fixed-income offerings with attractive yields and potential early redemption options. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC exchange, potentially avoiding capital losses if prices drop. CDx3 Notification Service tracks preferred stock and ETD offerings, alerting investors when securities fall below par value, providing opportunities for discounted investments.

New Preferred Stock And Exchange Traded Debt IPOs, August 2024

MDU Resources Group

Paramount Global

Solventum Corporation

I sold Chimera. They were an underperforming REIT, even on their best days. I actually have received total proceeds of $10,967 and have recognized a total gain of $1,090.40. Warner Bro. Discovery, as my unrealized loss right now, is $1,600.

Lanny's Stock Sales Through June 30, 2024

Investors need to pay close attention to Chimera Investment (CIM) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Chimera Investment (CIM) Stock?

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $74.75 million aggregate principal amount (including $9.75 million issued pursuant to the over-allotment option) of its 9.250% senior notes due 2029 (the “Notes”). The Company has been authorized to list the Notes on the New York Stock Exchange under the symbol “CIMO” and expects trading in the Notes on the New York Sto.

Chimera Investment Corporation Announces Closing of Public Offering of $74.75 Million Senior Notes

Franklin BSP Realty Trust Inc

Solar Capital

BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred share and baby bond combinations appear to be slightly mispriced.

10% Or Higher Dividend Yields

Fed speculation leads to increased market volatility and interest rate reductions. CIM preferred stocks pricing remains stable despite bond market rally. Active monitoring and readiness for interest rate changes can lead to advantageous investment decisions.

Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the “Company”) announced today the pricing of an underwritten public offering of $65 million aggregate principal amount of its 9.250% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on August 19, 2024, subject to the satisfaction of cus.

Chimera Investment Corporation Announces Pricing of Public Offering of Senior Notes

Chimera Investment Corporation (NYSE:CIM ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets and IR Phil Kardis - President and CEO Subra Viswanathan - CFO Dan Thakkar - Chief Investment Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Stephen Laws - Raymond James Jake Katsikis - BTIG Operator Good day, ladies and gentlemen, and welcome to the Chimera Investment Corporation Second Quarter Earnings Call. Our host for today's call is Victor Falvo.

Chimera Investment Corporation (CIM) Q2 2024 Earnings Call Transcript

Chimera Investment (CIM) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.36 per share a year ago.

News for Chimera Investment Stock (CIM)