The company was incorporated in 2007 with the purpose of investing in mortgage loans, asset securitization, and mortgage-backed securities. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. CIM, -1.62% shares advanced by 2.7% in premarket trades Monday after the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO … NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share.

When you see CIM stock appear in the results, tap it to open up the purchase screen. “That sort of pileup wears on the consumer and makes them wary,” the former Walmart U.S. CEO told CNBC’s “Fast Money” on Monday. “For the first time in fp markets forex broker review a long time, there’s a reason for the consumer to pause.” As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

CIM Price Target

The company was founded on June 1, 2007 and is headquartered in New York, NY. Alternative Assets.Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser.

• This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
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• Income is generated by the net spread between the income earned on investments and the costs of financing.
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• The monthly returns are then compounded to arrive at the annual return.

Chimera Investment announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be given a dividend of $0.18 per share on Tuesday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 13.82%. According to analysts, Chimera Investment’s stock has a predicted upside of 9.03% based on their 12-month price targets. You can find your newly purchased CIM stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets.

The only drawback is that shareholders are responsible for income taxes on the earnings. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock. According to the issued ratings of 2 analysts in the last year, the consensus rating for Chimera Investment stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for CIM. The average twelve-month price prediction for Chimera Investment is $6.25 with a high price target of $7.00 and a low price target of $5.50. 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Chimera Investment in the last twelve months.

2 brokerages have issued 12 month price objectives for Chimera Investment’s shares. On average, they anticipate the company’s share price to reach $6.25 in the next twelve months. This suggests a possible upside of 20.0% from the stock’s current price. View analysts price targets for CIM or view top-rated stocks among Wall Street analysts. Chimera Investment Corp. shares advanced by 2.7% in premarket trades Monday after the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO and director.

Chimera Investment Price Targets

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. One risk of Chimera Investment Corporation is its exposure to US credit risk retention rules.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.

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Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Chimere Investment Corporation is based in New York, New York, trades on the New York Stock Exchange, and works to provide attractive risk-adjusted returns via dividends and capital preservation.

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Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule tradeallcrypto broker review: the way to success to learn more. Chimera Investment Corporation invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. The company was founded in 2007 and is based in New York, New York.

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According to 3 analysts, the average rating for CIM stock is “Hold.” The 12-month stock price forecast is $5.67, which is an increase of 8.83% from the latest price. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. For more insight on analysts targets of review trade like a stock market wizard CIM, see our CIM price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page. Chimera Investment declared that its board has authorized a stock repurchase plan on Wednesday, June 14th 2023, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor.

Chimera Investment’s stock is owned by a variety of retail and institutional investors. Chimera Investment saw a decline in short interest in August. As of August 31st, there was short interest totaling 8,710,000 shares, a decline of 12.9% from the August 15th total of 10,000,000 shares. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is currently 4.4 days. Sign-up to receive the latest news and ratings for Chimera Investment and its competitors with MarketBeat’s FREE daily newsletter.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Chimera Investment Corporation operates as an internally-managed real estate investment trust (REIT) in the United States.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Below are the latest news stories about CHIMERA INVESTMENT CORP that investors may wish to consider to help them evaluate CIM as an investment opportunity. 3 employees have rated Chimera Investment Chief Executive Officer Matthew Lambiase on Glassdoor.com. Matthew Lambiase has an approval rating of 100% among the company’s employees.

This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.