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Chimera Investment Corp. - CIM STOCK NEWS

Welcome to our dedicated page for Chimera Investment news (Ticker: CIM), a resource for investors and traders seeking the latest updates and insights on Chimera Investment stock.

Chimera Investment Corporation (CIM) is a dynamic real estate investment trust (REIT) focusing on a broad range of mortgage assets. By leveraging its investments, Chimera strategically enhances its portfolio, which consists of government-sponsored agency residential mortgage-backed securities (RMBS), non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and various other real estate-related securities.

Renowned for its robust and diversified investment strategy, the company's primary focus is on agency mortgage-backed securities, which form the cornerstone of its portfolio. Complementing this are significant investments in subprime residential mortgage loans and non-agency RMBS, diversifying the risk and enhancing potential returns.

Chimera's adept management and strategic partnerships have been instrumental in navigating the fluctuating real estate market. The company’s commitment to maximizing shareholder value through meticulous portfolio management and its ongoing projects highlight its proficiency in the real estate investment sector. Investors can rely on Chimera for consistent performance updates, reflecting the latest developments and financial health of the company.

With a transparent and direct approach to communication, Chimera ensures that stakeholders are well-informed about recent achievements, financial conditions, and future projects. This dedication to clarity and precision makes it a significant player in the market, attracting investors seeking reliable and detailed information about their investments.

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Chimera Investment Corporation (NYSE: CIM) plans to release its Q2 2023 financial results on August 3, 2023, followed by a conference call and webcast. The call-in number and webcast link are provided, with a two-week replay option. Interested individuals can sign up for email alerts on the company's website.
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Chimera Investment Corporation (NYSE: CIM) announced its financial results release date for the first quarter ended March 31, 2023, scheduled for May 4, 2023, prior to 7:00 a.m. EDT. An audio conference call will follow at 8:30 a.m. EDT the same day to discuss these results. Investors can participate using the U.S. toll-free number (866) 682-6100 or the international line (862) 298-0702. A replay of the call will be available for two weeks post-event, accessible via (877) 660-6853 in the U.S. and (201) 612-7415 internationally, using the conference ID 13737565. The company specializes in investing in a diversified portfolio of real estate assets, including mortgage loans and various types of mortgage-backed securities.

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Chimera Investment Corporation has declared its first quarter 2023 dividends for various series of preferred stock. Shareholders will receive $0.50 per share for Series A, Series B, and Series D Cumulative Redeemable Preferred Stock, and $0.484375 for Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. All dividends are payable on March 30, 2023, to shareholders of record as of March 1, 2023, with an ex-dividend date of February 28, 2023. These dividends reflect the company's robust commitment to providing returns to its shareholders.

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Chimera Investment Corporation (NYSE:CIM) reported financial results for Q4 and full year 2022. Notable metrics include Q4 GAAP net income of $0.34 per diluted share, contrasting with a full year GAAP net loss of $587 million ($2.51 per diluted share). For the year, earnings available for distribution totaled $256 million ($1.08 per share). The company's GAAP book value stands at $7.49 per share, with a 3.8% book value return in Q4. Significant actions in Q4 included settling $463 million of fixed-rate loans and committing to purchase $900 million in residential mortgage loans to enhance future earnings. As of January 31, 2023, cash totaled approximately $365 million.

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Chimera Investment Corporation (NYSE: CIM) has declared a first quarter 2023 cash dividend of $0.23 per share, payable on April 27, 2023. The preliminary financial results for the fourth quarter 2022 indicate a GAAP net income estimated between $0.32 and $0.35 per diluted common share. Book value per share is estimated at $7.45 to $7.50, after accounting for dividends. The Company anticipates a 5-7% increase in book value by January 31, 2023, and is committed to purchasing approximately $700 million of residential mortgage loans, which could enhance future earnings.

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FAQ

What is the current stock price of Chimera Investment (CIM)?

The current stock price of Chimera Investment (CIM) is $14.38 as of December 20, 2024.

What is the market cap of Chimera Investment (CIM)?

The market cap of Chimera Investment (CIM) is approximately 1.2B.

What type of assets does Chimera Investment Corporation invest in?

Chimera invests in a portfolio of mortgage assets, including agency RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities.

What is the main focus of Chimera's investment strategy?

The main focus of Chimera's investment strategy is on agency mortgage-backed securities, which form a substantial part of its portfolio.

How does Chimera enhance its portfolio?

Chimera leverages its investments to enhance the value and performance of its portfolio.

What other types of mortgages does Chimera invest in?

Apart from agency mortgage-backed securities, Chimera also invests in subprime residential mortgage loans and non-agency RMBS.

How does Chimera communicate with its stakeholders?

Chimera maintains a transparent and direct approach to communication, keeping stakeholders well-informed about recent achievements, financial conditions, and future projects.

What makes Chimera a reliable investment option?

Chimera's robust and diversified investment strategy, along with its adept management and strategic partnerships, makes it a reliable investment option.

What are some recent developments at Chimera?

Chimera regularly updates stakeholders on recent achievements, financial health, and ongoing projects, reflecting its commitment to transparency and performance.

What is the importance of agency RMBS in Chimera's portfolio?

Agency RMBS is crucial as it forms the cornerstone of Chimera's diversified portfolio, providing stability and potential returns.

How does Chimera maximize shareholder value?

Chimera maximizes shareholder value through meticulous portfolio management and strategic investments in diverse mortgage assets.

What should investors expect from Chimera's performance updates?

Investors can expect detailed and reliable performance updates that reflect the latest developments and financial health of the company.

Chimera Investment Corp.

NYSE:CIM

CIM Rankings

CIM Stock Data

1.16B
79.16M
1.47%
57.08%
2.09%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK