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Last $13.91 USD
Change Today -0.06 / -0.43%
Volume 1.9M
CIM On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

chimera investment corp (CIM) Snapshot

Open
$13.94
Previous Close
$13.97
Day High
$13.99
Day Low
$13.84
52 Week High
12/1/14 - $17.02
52 Week Low
08/24/15 - $11.92
Market Cap
2.9B
Average Volume 10 Days
2.5M
EPS TTM
$2.69
Shares Outstanding
205.6M
EX-Date
06/26/15
P/E TM
5.2x
Dividend
$1.92
Dividend Yield
13.37%
Current Stock Chart for CHIMERA INVESTMENT CORP (CIM)

chimera investment corp (CIM) Related Businessweek News

No Related Businessweek News Found

chimera investment corp (CIM) Details

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes include non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties. The company’s investments in residential mortgage loans include prime mortgage loans; Alt-A mortgage loans; seasoned sub-prime mortgage loans; FHA/VA insured loans; mortgage servicing rights associated with residential mortgage loans; mortgage loans collateralized by manufactured or pre-fabricated homes; and mortgage loans collateralized by second lien, home equity lines of credit, and other similar financing arrangements. Its investments in other asset-backed securities (ABS) comprise commercial mortgage-backed securities, debt and equity tranches of collateralized debt obligations, consumer and non-consumer ABS, and loans collateralized by commercial real estate, fixed assets, and equipment. The company’s investments in derivative instruments consist of swaps, swaptions, futures, and index and mortgage options. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Chimera Investment Corporation was founded in 2007 and is based in New York, New York.

Founded in 2007

chimera investment corp (CIM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

chimera investment corp (CIM) Key Developments

Chimera Investment Corporation Mulls Acquisitions

Chimera Investment Corporation (NYSE:CIM) is seeking acquisitions. Matthew Lambiase, President and Chief Executive Officer of Chimera Investment Corporation, said, “As an independent company with a strong portfolio and attractive growth opportunities ahead of us, we are confident that we will continue to acquire assets and produce high relative returns for our shareholders in the coming quarters.” Mohit Marria, Chief Information Officer of Chimera Investment Corporation, said, “Chimera continues to identify and acquire attractive credit sensitive residential mortgage assets without significantly increasing our overall interest rate exposure.”

Chimera Investment Corporation Announces Internalization of Management

Chimera Investment Corporation and Annaly Capital Management Inc. jointly announced that, effective August 5, 2015, Chimera is internalizing its management function. The independent directors on Chimera’s Board agreed to the internalization with Annaly in order to accelerate growth and realize cost efficiencies. Chimera will continue to be led by its key professionals including President and Chief Executive Officer Matthew Lambiase, Chief Financial Officer Rob Colligan and Chief Investment Officer Mohit Marria. In addition, Chimera’s head of structured products, Choudhary Yarlagadda, was appointed Chief Operating Officer and Phillip J. Kardis II, a partner at the law firm K&L Gates LLP, was appointed General Counsel. All other personnel that focus their efforts on Chimera’s business became employees of Chimera.

Chimera Investment Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Chimera Investment Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported interest income of $215,804,000 compared to $134,318,000 a year ago. Net interest income was $149,760,000 compared to $113,638,000 a year ago. Income before income taxes was $116,187,000 compared to $104,769,000 a year ago. Net income was $116,187,000 or $0.57 per diluted share compared to $104,769,000 or $0.51 per diluted share a year ago. Return on equity was 12.38%. On a core basis, net income for the second quarter was $109 million or $0.53 per share, down from $120 million or $0.59 per share last quarter and up from $83 million or $0.41 per share in the second quarter of 2014. GAAP book value ended the quarter at $16.73 per share, down 2% from the first quarter and essentially flat compared to the second quarter of 2014. For the six months, the company reported interest income of $458,949,000 compared to $254,985,000 a year ago. Net interest income was $332,449,000 compared to $211,880,000 a year ago. Income before income taxes was $183,229,000 compared to $205,139,000 a year ago. Net income was $183,228,000 or $0.89 per diluted share compared to $205,137,000 or $1.00 per diluted share a year ago. GAAP book value as at June 30, 2015 was $16.73 per share compared to $17.55 as at December 31, 2014.

 

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Industry Analysis

CIM

Industry Average

Valuation CIM Industry Range
Price/Earnings 1.6x
Price/Sales 1.2x
Price/Book 0.3x
Price/Cash Flow 0.0x
TEV/Sales NM Not Meaningful
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