CIM Stock Recent News

CIM LATEST HEADLINES

CIM Stock News Image - seekingalpha.com

Chimera Investment Corporation's preferred stock has offered a total return of 13.4% in less than 7 months. The company's common stock has faced challenges due to high interest rates, but the preferred stock remains stable and offers a 9.2% yield. Chimera's preferred stock is a safe investment with potential for capital gains if interest rates decrease, making it attractive for income-oriented investors.

seekingalpha.com 2024 Jun 22
CIM Stock News Image - zacks.com

Chimera (CIM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

zacks.com 2024 Jun 17
CIM Stock News Image - businesswire.com

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.35 per common share, an increase from its first quarter cash dividend of $0.33 on a reverse-stock-split adjusted basis. The dividend is payable July 31, 2024 to common stockholders of record on June 28, 2024. The ex-dividend date is June 28, 2024. Disclaimer This press release includes “forward-looking statements” within the meaning of the safe.

businesswire.com 2024 Jun 13
CIM Stock News Image - businesswire.com

LOS ANGELES--(BUSINESS WIRE)--CIM Group closes $125 million loan to Applied Digital for construction of HPC data center campus in Ellendale, North Dakota.

businesswire.com 2024 Jun 10
CIM Stock News Image - businesswire.com

PHOENIX--(BUSINESS WIRE)--CIM Group sells two, fully leased industrial buildings totaling 726,802 sf adjacent to the Phoenix Goodyear Airport in Arizona.

businesswire.com 2024 Jun 06
CIM Stock News Image - zacks.com

Chimera (CIM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

zacks.com 2024 May 27
CIM Stock News Image - seekingalpha.com

Mortgage REITs are becoming more attractive as the central bank plans to lower interest rates and reduce financing costs. Chimera Investment Corporation is selling at a significant discount to book value and offers an 11% stock yield. The company's dividend was covered by earnings in the first quarter and could see potential re-rating once rate cuts are implemented.

seekingalpha.com 2024 May 27
CIM Stock News Image - invezz.com

Chimera Investment Corporation (NYSE:CIM) has underperformed most mortgage REITs over the past year, with its stock reaching an all-time low below $11.50 as of May 24, 2024. This decline reflects a challenging environment for mortgage REITs, driven by rising interest rates and economic uncertainties.

invezz.com 2024 May 24
CIM Stock News Image - seekingalpha.com

Chimera Investment stock is at a 5-year low, but the discount to book value is too wide, making it a cheap investment opportunity. The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance. Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business.

seekingalpha.com 2024 May 24
CIM Stock News Image - businesswire.com

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 9.00% 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 May 22, 2024, subject to the satisfaction of customa.

businesswire.com 2024 May 15
10 of 50