Chimera Investment Corporation investors may participate in a share repurchase plan as well. Investors of Record can participate directly in the plan while Beneficial Owners may request their shares be transferred to the agent of record and become Investors of Record. One risk of Chimera Investment Corporation is its exposure to US credit risk retention rules. These rules limit the company’s ability to sell or hedge a large portion of its RMBS portfolio which means it may have to hold some assets it would otherwise sell.
NEW YORK (MarketWatch) — Chimera Investment Corp. said Thursday it priced 85 million shares of common stock at $3.89 a share for proceeds of $331 million. Managed by Annaly Capital Management, Inc. , Chimera Investment e… Enter your email address below to receive our daily newsletter that day trading patterns contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. According to analysts, Chimera Investment’s stock has a predicted upside of 9.03% based on their 12-month price targets. The technique has proven to be very useful for finding positive surprises.
- Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
- NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- Chimera Investment Corporation finances its operations through secured pools of residential and commercial mortgage loans and by leveraging other real estate-related securities as well.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Sign-up to receive the latest news and ratings for Chimera Investment and its competitors low risk investments with MarketBeat’s FREE daily newsletter. The most recent change in the company’s dividend was a decrease of $0.05 on Wednesday, June 14, 2023. Analysts like Chimera Investment more than other Finance companies.
The unit of Annaly Capital Management is a newly-formed specia… Chimera Investment’s next quarterly dividend payment of $0.18 per share will be made to shareholders on Tuesday, October 31, 2023. Sign-up to receive the latest news and ratings for CIM and its competitors with MarketBeat’s FREE daily newsletter. REITs are dividend-paying entities that own or finance real estate.
Key Earnings Data
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Reflexivity theory Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
The company has elected to be taxed as a REIT which is a tax-sheltered vehicle for real estate investment. As such, the company must invest at least 75% of its assets in real estate and return 90% of its taxable income to shareholders in the form of dividends. The only drawback is that shareholders are responsible for income taxes on the earnings. Chimera Investment Corporation is a specialty finance company.
The company was incorporated in 2007 with the purpose of investing in mortgage loans, asset securitization, and mortgage-backed securities. Chimera Investment Corp. shares advanced by 2.7% in premarket trades Monday after the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO and director. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.23 per share of common stock.
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Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued. Chimera Investment declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be given a dividend of $0.18 per share on Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date of this dividend is Thursday, September 28th.
The consensus rating for Chimera Investment is Moderate Buy while the average consensus rating for finance companies is Hold. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
CIM Analyst Ratings By Month
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California.
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