Chimera Investment Corporation (CIM)
Summary
CIM Chart
10% Dividend Yields From Chimera Preferred Shares Offer Trading Opportunities
Chimera Investment Corporation preferred shares present recurring opportunities through disciplined relative value trading rather than passive buy-and-hold strategies. CIM-B (CIM.PR.B) is currently rated a buy, while CIM-D (CIM.PR.D) and CIM-C (CIM.PR.C) are holds, pending more attractive entry points. Active monitoring and timely swaps between similar preferreds have consistently delivered outperformance, capitalizing on valuation gaps rather than fundamental changes.
Chimera Investment Q1 Earnings Call Highlights
Chimera Investment NYSE: CIM executives said the company covered its dividend in the first quarter of 2026 while continuing to reposition its portfolio toward more liquid assets and expanding its HomeXpress Mortgage origination platform.
Chimera Investment Corporation PFDs Update: Buy Rating Shifts
Chimera Investment Corporation offers four cumulative preferred stocks, each with distinct coupon rates, call dates, and floating rate provisions. While it should be Called before CIM-D, due to its superior yield and slightly better add-on, I am moving my Buy rating to CIM-B, rating others as Holds. Dividend and redemption risks appear manageable, supported by CIM's hybrid mortgage REIT structure and sufficient equity coverage for preferred par values.
Chimera Investment Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 376 | $5,017.57 | $4,933.12 | -$84.45 | -1.68% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 13,515 | $175,635.01 | $177,181.65 | $1,546.64 | 0.88% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 1,261 | $15,825.55 | $16,538.01 | $712.46 | 4.5% |
| BG Bart Gancher Intech Investment Management LLC | 17,358 | $230,039.82 | $227,563.38 | -$2,476.44 | -1.08% |
 Jeff Ameen Spire Wealth Management | 426 | $5,364.78 | $5,555.04 | $190.26 | 3.55% |
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Chimera Investment Corporation Profile
| Mortgage Real Estate Investment Trusts (REITs) Industry | Financials Sector | Phillip John Kardis CEO | NYSE Exchange | 16934Q802 CUSIP |
| US Country | 423 Employees | 30 Jun 2026 Last Dividend | 22 May 2024 Last Split | 16 Nov 2007 IPO Date |
Overview
Chimera Investment Corporation is a distinguished entity in the financial landscape of the United States, functioning primarily as a real estate investment trust (REIT). With its incorporation dating back to 2007 and its headquarters based in New York, New York, the organization has carved a niche for itself through strategic investments in a diversified mortgage asset portfolio. Operating via its subsidiaries, Chimera is focused on leveraging opportunities in residential and commercial mortgage-backed securities, direct mortgage loans, and other related real estate securities. The company’s commitment to adhering to the federal income tax requirements for a REIT is evident in its distribution policy, aiming to allocate at least 90% of its taxable income as dividends to its shareholders, thereby ensuring a steady income stream and maintaining its REIT status.
Products and Services
- Residential Mortgage Loans:
- Agency Residential Mortgage-Backed Securities (RMBS):
- Non-Agency Residential Mortgage-Backed Securities:
- Agency Commercial Mortgage-Backed Securities (CMBS):
- Business Purpose and Investor Loans:
- Investment Grade and Non-Investment Grade Securities:
- Other Real Estate Related Securities:
Offering financing solutions to homeowners, these loans form a primary component of Chimera’s investment strategy, leveraging the stable income and long-term growth potential inherent in residential real estate.
These securities, underpinned by mortgage loans and backed by government-sponsored enterprises, represent a significant facet of the company's portfolio, emphasizing safety and predictability of returns.
Distinguished from their agency counterparts, these securities are not guaranteed by government-sponsored entities, offering higher yields albeit with a greater risk profile, aligning with the company’s diversified investment approach.
Reflecting investments in securities secured by pools of commercial mortgage loans, these instruments offer diversity to Chimera’s portfolio, tapping into the commercial real estate’s dynamic market trends.
Targeting the needs of businesses and investors, these loan products are tailored to finance commercial properties, renovation projects, or rental properties, catering to a range of investment strategies.
Within its broad-ranging portfolio, Chimera invests in securities spanning across the credit rating spectrum, from investment grade, ensuring stability and lower risk, to non-investment grade, offering potentially higher returns.
This category encompasses a variety of securities linked to the real estate market, further broadening the company’s investment portfolio and leveraging opportunities across the real estate sector’s full spectrum.
