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 Q4 2023

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.

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High yield investors are focused on maintaining income. Many don't understand the scenario that would best support their income. We'll walk through the scenario for one popular kind of high yield investment.

Sweet Fantasy For High Dividend Yield Buyers

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Big dividend yields? Yes. But that's not enough. One of the ETFs we love smashing seems to be struggling. Maybe buying yield blindly isn't a great technique. When you're investing, you need to start looking at relative values.

Big Yields Meet Big Trouble

Some agency mortgage REITs have high price-to-trailing-book ratios, while others do not. Q4 2023 has been a favorable quarter for the sector, with MBS outperforming Treasuries and swaps. One in particular has a high price-to-book ratio. The price-to-current-book isn't nearly as bad, but it is still materially higher than peers.

Rates Plunge, High Yields At Risk

Chimera Investment Corporation has cut its dividend by 39% and reset it to $0.11 per share, aligning it with the company's earnings trend. The dividend adjustment improves dividend coverage and suggests easing earnings pressure for highly leveraged mortgage trusts. With the central bank signaling a rate pivot in 2024 and a 27% discount to book value, Chimera Investment stock is a recommended buy for passive income investors.

Chimera Investment: Contrarian Buy After 39% Dividend Cut

Use Stock Options To Complement Your REIT Income: Annaly Capital And Chimera Investment Edition

Chimera Investment Corporation is a New York REIT focused on residential credit investments, particularly mortgage loans and related securities. CIM operates on a blend of debt and equity to optimize returns and manage risks in a changing market affected by inflation and interest rate hikes. CIM's loan portfolio remains challenged and may only be a good investment for investors with an improving macroeconomic view. Margin headwinds are also anticipated.

Chimera Investment: Not Worth Chasing The Yield

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NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

KBW Announces Index Rebalancing for Fourth-Quarter 2023

One of our investments finally rallied into our neutral range. Shares were a strong buy frequently in the last several months. One position resulted in a 26.7% return. We're highlighting an alternative share with a better risk/reward profile. I also closed out one of my preferred share positions, resulting in a 21% return for about six months.

Dropping A 12.6% Dividend Yielder

Chimera Investment Corporation's common stock has been negatively impacted by the Fed's aggressive policy, leading to a collapse in earnings. The preferred stock of Chimera Investment offers a fixed quarterly dividend of $0.50 per share, currently offering a 10.2% dividend yield. The preferred dividend of Chimera has a wide margin of safety, as the worse is probably behind the company with respect to rising interest rates.

Lock In The 10.2% Yield Of The Preferred Stock Of Chimera Investment Corporation Before It Decreases Further

Despite big yields, these shares are still cheap. Fat dividends that grow with short-term rates are a nice hedge. The yields are between 9% and 9.5% today, but they are due for a big dividend increase starting in March 2024. Bigger dividends should increase valuation.

13% Dividend Yield And 12% Upside

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Growing dividend income takes time and consistency. The Fed paused a rate hike in September and will likely remain in a holding pattern for November, with a modest chance of an increase in December. Increase passive income by consistently investing in the market and letting dividend reinvestment do the trick.

Dividend Income Summary: Lanny's October 2023 Summary

FS KKR Capital Corp

Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in terms of book value changes. Investors should focus on BDCs and preferred shares for long-term positions, as they generally have fewer dividend cuts.

BDCs Vs. MREITs: High-Yield Rumble

News for Chimera Investment Stock (CIM)