Chimera Investment Corporation Stock News

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) announced that on January 31, 2025 it had sponsored CIM 2025-I1, a $287.7 million securitization of residential mortgage investor loans. The loans had a weighted average coupon of 7.9%, with weighted average FICO scores of 748, and LTV ratio of 64%. Securities issued by CIM 2025-I1, with an aggregate balance of approximately ...

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, February 12, 2025 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 12, 2025 at 8:30 a.m. ED...

These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.

Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around the middle of the single-digit range.

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on January 31, 2025 to common stockholders of record on December 31, 2024. The ex-dividend date is December 31, 2024. About Chimera Investment Corporation Chimera is a publicly traded real estate inve...

Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not...

CIM-A's 8% coupon rate and 8.6% strip yield are overshadowed by limited upside and better alternatives, making it an unattractive investment above $23.20. The potential upside for CIM-A is capped at around 7.7%, with low likelihood of being called unless interest rates drop significantly with the economy remaining very strong. Baby bonds from Chimera Investment Corporation offer superior benefi...

I recommended Chimera Investment Corporation's preferred stock for its 10% dividend yield and wide margin of safety, resulting in a 46% total return since April 2023. With inflation cooling and interest rates decreasing, Chimera's preferred stock remains attractive, offering a floating yield of 10.1%. Chimera's preferred dividend is safer than its common dividend, supported by historical resili...