CIM Stock Recent News

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ending March 31,2024 on Thursday, May 9, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, May 9, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast   https://www.chimerareit.com/news-events/ir-cal.

Chimera Investment Corporation's stock fell to new lows, but its dividend is now well-covered by earnings, making it a compelling risk/reward opportunity. The company's portfolio consists mainly of residential mortgage loans, which provide recurring interest income and have seen a decline in delinquencies. Chimera Investment is selling at a significant discount to book value and has the potential for a stock re-rating in 2024.

Chimera Investment Corporation (CIM) Q4 2023 Earnings Call Transcript

Chimera Investment (CIM) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.

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, 2023 on Wednesday, February 14, 2024 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 14, 2024 at 8:30 a.m. EDT. Call-in Number: U.S. Toll Free (866) 604-1613 International (201) 689-7810 Webcast https://www.chim.

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 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 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.

NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the third quarter ended September 30, 2023 on Thursday, November 2, 2023 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, November 2, 2023 at 8:30 a.m. EDT. Call-in Number:     U.S. Toll Free   (866) 604-1613 International   (201) 689-7810 Webcast   https://www.chimerareit.

This week, we shifted our allocation within the mortgage REIT Chimera Investment preferred suite. The goal of this shift was to take advantage of relative value, marginally derisk portfolio exposure, and lower the fix-for-life risk seen in other preferreds. Our "lazy-man" infrequent rotation strategy continues to deliver significant alpha and top up the beta of the preferreds.