Chimera Investment Corporation (CIM)
This Stock Has A 11.60% Yield And Sells For Less Than Book
Chimera Investment has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, CIM shares displayed both attractive valuation metrics and strong profitability metrics.
CIMP: An 8.875% Senior Note IPO From Chimera Investment
Chimera Investment Corporation (CIM) has issued new 8.875% Senior Notes due 8/15/2030 (CIMP), offering quarterly distributions and $25 par value. CIM has a history of dividend cuts and sector underperformance, raising concerns about the risk profile of CIMP despite its attractive nominal yield. CIMP is fairly priced relative to CIM's other baby bonds but offers a below-average yield compared to sector peers and comes from an underperforming issuer.
Preferreds Weekly Review: Tight Spreads Drive New Baby Bond Issuance
We take a look at the action in preferreds and baby bonds through the second week of September and highlight some of the key themes we are watching. Preferreds outperformed other fixed-income sectors this week, with credit spreads at their tightest since February and yields moving lower. Chimera (CIM) issued an 8.875% 2030 baby bond and is increasing its Agency portfolio and MSR allocation after acquiring HomeXpress.
Chimera Investment Corporation (CIM) Q2 2025 Earnings Call Transcript
Chimera Investment Corporation (NYSE:CIM ) Q2 2025 Earnings Conference Call August 6, 2025 8:30 AM ET Company Participants Jack Lee Macdowell - Chief Investment Officer Phillip John Kardis - President, CEO & Director Subramaniam Viswanathan - CFO & Principal Accounting Officer Conference Call Participants Bose Thomas George - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Eric J. Hagen - BTIG, LLC, Research Division Trevor John Cranston - Citizens JMP Securities, LLC, Research Division Operator Greetings, and welcome to the Chimera Investment Corporation Second Quarter Earnings Conference Call.
Chimera Investment: New Acquisition Is Transforming This mREIT
Chimera Investment Corporation is a mortgage REIT with that is being transformed by strategic acquisitions. The acquisition of HomeXpress Mortgage diversifies CIM's income streams, is well-received by Wall Street, and is expected to be accretive to earnings in 2026. CIM pays a quarterly dividend yielding 10.57%, which goes ex-dividend on June 30th.
Despite Its Excessive Return, The Preferred Stock Of Chimera Remains Attractive
Chimera preferred stock remains attractive with a 9.0% yield, wide dividend safety margin, and resilience through economic downturns. Current economic uncertainty and high government debt make fixed-income yields like Chimera's especially appealing versus likely lower S&P 500 returns. Chimera's common dividend history and improved loan metrics support the safety of preferred dividends even in recession scenarios.
Chimera Investment Corporation (CIM) Q1 2025 Earnings Call Transcript
Chimera Investment Corporation (NYSE:CIM ) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Victor Falvo - Head of Capital Markets & Investor Relations Phil Kardis - President & Chief Executive Officer Subra Viswanathan - Chief Financial Officer Jack Macdowell - Chief Investment Officer Conference Call Participants Doug Harter - UBS Trevor Cranston - Citizens JMP Bose George - KBW Eric Hagen - BTIG Operator Good day, ladies and gentlemen and welcome to Chimera Investment Corporation First Quarter 2025 Earnings Call. All lines have been placed on a listen-only mode and the floor will be opened for questions and comments following the presentation.
Chimera Preferreds: Preferred Stocks Are A Buy Again
I advised investing in preferred stocks and baby bonds in mid-2022, predicting the Fed's rate hikes and subsequent cuts, resulting in significant returns. Preferred stocks have dropped recently due to inflation fears and panic selling, creating opportunities to buy high-yielding securities at discounted prices. I'm adding to my holdings in preferred stocks like CIM-PC and CIM-PD, anticipating future gains as valuations return to par.
Strength Seen in Chimera (CIM): Can Its 9.7% Jump Turn into More Strength?
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 doesn't suggest further strength down the road.
The 10.5% Yield Of The Preferred Stock Of Chimera Is Attractive In This Painful Market
Chimera's preferred stock offers a 10.5% yield, outperforming the S&P 500 with a 43% total return over two years, despite economic headwinds. The stock's floating yield provides some inflation protection, but economic risks like potential recession and rising interest rates pose challenges. Chimera's preferred dividend has a wide margin of safety, supported by a 56% payout ratio and a strong loan-to-value ratio of 43%.
Down -7.74% in 4 Weeks, Here's Why You Should You Buy the Dip in Chimera (CIM)
The heavy selling pressure might have exhausted for Chimera (CIM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Chimera Investment Q4: Mixed Results, Worst Is Over
Chimera Investment Corporation had mixed results for Q4, showing a net income loss, however covering the dividend. The market price is higher than book value, reflecting negative investor sentiment created by a history of dividend cuts. Acquisition of the Palisades Group provides future catalysts for income and stabilization of the portfolio.
