Chimera Investment (CIM) Stock Overview
Operates as a real estate investment trust (REIT) in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
CIM Community Fair Values
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Analyst Price Targets
Chimera Investment Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.25 |
| 52 Week High | US$14.88 |
| 52 Week Low | US$11.67 |
| Beta | 1.79 |
| 1 Month Change | -2.50% |
| 3 Month Change | -2.50% |
| 1 Year Change | 0.84% |
| 3 Year Change | -7.41% |
| 5 Year Change | -68.38% |
| Change since IPO | -94.07% |
Recent News & Updates
Narrative Update • May 09
CIM: Higher Dividend And Buyback History Will Support Steady Outlook
Analysts have modestly revised their price target on Chimera Investment to $14.00 from $14.00, citing updated assumptions around revenue growth, profit margin, and a lower forward P/E multiple as key inputs in their refreshed models. What's in the News Chimera Investment reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for US$0 million under its existing buyback program, leaving the overall authorization unchanged for that period (Key Developments).Narrative Update • Apr 19
CIM: Dividend Hike And Completed Buybacks Will Support Steady Forward Outlook
Analysts have kept their $14.00 price target for Chimera Investment unchanged, citing small adjustments in discount rate, revenue growth assumptions, profit margin outlook and future P/E that offset each other in their updated models. What's in the News From October 1, 2025 to December 31, 2025, Chimera Investment reported no share repurchases, completing its buyback program announced on March 13, 2020, with a total of 12,815,166 shares repurchased for US$105.88 million, equal to 16.87% of the company under that authorization (Key Developments).Seeking Alpha • Apr 14
Chimera Investment Corporation PFDs Update: Buy Rating Shifts
Summary 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. All CIM preferreds are cumulative, have not missed payments, and the floaters use SOFR-based rates as all are now Callable. Read the full article on Seeking AlphaNarrative Update • Apr 04
CIM: Dividend Increase And Completed Buybacks Will Support Balanced Forward Outlook
Analysts have nudged their price target for Chimera Investment to $14.00, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E that keep their view broadly in line with prior expectations. What's in the News Chimera Investment reported that between October 1, 2025 and December 31, 2025 it repurchased 0 shares for $0 million, while confirming completion of its previously announced buyback program with a total of 12,815,166 shares repurchased for $105.88 million under the March 13, 2020 authorization (Key Developments).Recent updates
Narrative Update • May 09
CIM: Higher Dividend And Buyback History Will Support Steady Outlook
Analysts have modestly revised their price target on Chimera Investment to $14.00 from $14.00, citing updated assumptions around revenue growth, profit margin, and a lower forward P/E multiple as key inputs in their refreshed models. What's in the News Chimera Investment reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for US$0 million under its existing buyback program, leaving the overall authorization unchanged for that period (Key Developments).Narrative Update • Apr 19
CIM: Dividend Hike And Completed Buybacks Will Support Steady Forward Outlook
Analysts have kept their $14.00 price target for Chimera Investment unchanged, citing small adjustments in discount rate, revenue growth assumptions, profit margin outlook and future P/E that offset each other in their updated models. What's in the News From October 1, 2025 to December 31, 2025, Chimera Investment reported no share repurchases, completing its buyback program announced on March 13, 2020, with a total of 12,815,166 shares repurchased for US$105.88 million, equal to 16.87% of the company under that authorization (Key Developments).Seeking Alpha • Apr 14
Chimera Investment Corporation PFDs Update: Buy Rating Shifts
Summary 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. All CIM preferreds are cumulative, have not missed payments, and the floaters use SOFR-based rates as all are now Callable. Read the full article on Seeking AlphaNarrative Update • Apr 04
CIM: Dividend Increase And Completed Buybacks Will Support Balanced Forward Outlook
Analysts have nudged their price target for Chimera Investment to $14.00, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E that keep their view broadly in line with prior expectations. What's in the News Chimera Investment reported that between October 1, 2025 and December 31, 2025 it repurchased 0 shares for $0 million, while confirming completion of its previously announced buyback program with a total of 12,815,166 shares repurchased for $105.88 million under the March 13, 2020 authorization (Key Developments).Narrative Update • Mar 21
CIM: Dividend Reset And Updated Assumptions Will Guide Balanced Future Outlook
Analysts have maintained their $14.00 price target for Chimera Investment, citing updated assumptions that combine a slightly lower discount rate with a shift to 3.85% revenue growth, a 40.64% profit margin, and a forward P/E of 9.84. What's in the News From October 1, 2025 to December 31, 2025, Chimera Investment reported no share repurchases under its existing program, with 0 shares bought for $0 million in that period.Narrative Update • Mar 05
CIM: Higher Dividend And Assumptions Will Shape Measured Future Performance
Analysts have maintained their price target on Chimera Investment at $14.00, reflecting updated views on revenue growth, profit margins, the discount rate and a higher assumed future P/E multiple. What's in the News The Board of Directors declared a first quarter common stock cash dividend of $0.45 per share.Narrative Update • Feb 19
CIM: Higher Dividend And Revised Assumptions Will Support Future Performance
Analysts have lifted their fair value estimate for Chimera Investment from $13.00 to $14.00. They point to updated assumptions around discount rate, revenue growth, profit margin and future P/E that, in their view, better reflect the current risk and earnings profile of the business.
Narrative Update • Feb 05
CIM: Lower Discount Rate And Steady Assumptions Will Support Future Upside
Analysts have maintained their fair value estimate for Chimera Investment at $14.50, applying a slightly lower discount rate and a marginally reduced future P/E assumption. Together, these adjustments support a steady price target while reflecting a modest shift in how they weigh risk and valuation.Narrative Update • Jan 21
CIM: Completed Buyback And Stable Outlook Will Support Future Performance
Analysts have kept their price target for Chimera Investment steady at US$13.00, highlighting updated assumptions around a roughly 20.5% revenue growth outlook, a profit margin near 71.8%, and a forward P/E of about 6.3x as the key drivers behind their view. What's in the News From July 1, 2025 to September 30, 2025, Chimera Investment reported no share repurchases, with 0 shares bought back for US$0 million in that period (Key Developments).Narrative Update • Jan 07
CIM: Completed Buyback And Higher Margin Assumptions Will Support Future Upside
Analysts have lifted their price target for Chimera Investment to US$14.50. The updated view reflects a slightly lower discount rate and higher assumed profit margin, along with a reduced future P/E multiple in their models.Narrative Update • Dec 24
CIM: Share Repurchases And Margin Outlook Will Support Future Performance
Analysts have raised their price target on Chimera Investment from 11.50 dollars to 13.00 dollars, citing expectations for a sharp rebound in revenue growth, a materially higher profit margin profile, and a more favorable discount rate outlook. What's in the News Completed multi year share repurchase program from March 13, 2020, retiring 12,815,166 shares, or 16.87% of outstanding stock, for a total of 105.88 million dollars (company buyback filing) No additional shares repurchased between July 1, 2025 and September 30, 2025, with buyback activity paused after prior tranches (company buyback filing) Reduction in share count from the completed buyback is expected to support per share metrics, including earnings and book value, over time (company buyback filing) Valuation Changes Fair value increased from 11.50 dollars to 13.00 dollars, reflecting a modest upward revision in the intrinsic valuation estimate.Narrative Update • Dec 10
CIM: Share Repurchase Completion Will Support Future Earnings Strength
Analysts have trimmed their price target on Chimera Investment by approximately 6.5 percent to about 14.50 dollars, citing a lower required discount rate, along with sharply upgraded expectations for revenue growth and profit margins that they believe are now adequately reflected in a reduced future earnings multiple. What's in the News Completed a multi year share repurchase program announced in March 2020, retiring 12,815,166 shares in total, equivalent to 16.87 percent of shares outstanding (Key Developments) Total capital deployed under the buyback reached 105.88 million dollars, signaling a sustained focus on shareholder returns over the life of the program (Key Developments) No shares were repurchased between July 1, 2025 and September 30, 2025 under the existing authorization, indicating a pause in buyback activity during the latest quarter (Key Developments) Valuation Changes Fair Value: Reduced from 15.50 dollars to 14.50 dollars, a modest downward revision to intrinsic value estimates.Seeking Alpha • Mar 07
Chimera Investment: High Delinquency Rates Lead To Massive Price Discount
Summary I rate Chimera Investment Corporation a sell due to high delinquency rates and poor management of borrower quality, risking future dividends. CIM's portfolio, heavily composed of pre-2008 residential mortgage loans, shows a 9.3% delinquency rate, far above industry standards, making it a value trap. Despite recent acquisitions and hedging strategies, the core issues with delinquency rates and risky loan types overshadow any potential short-term gains. Combined valuation models suggest CIM is undervalued, but high delinquency risks and potential inflation impacts make realizing this value unlikely in the medium term. Read the full article on Seeking AlphaSeeking Alpha • Nov 08
Chimera Investment: Turnaround In Progress
Summary The third quarter showed positive financial metrics, but earnings did not cover the dividend, reflecting ongoing challenges. Chimera's recent acquisition of an alternative asset manager and leadership changes signal a potential turnaround, but integration risks remain. With a favorable macro environment and the potential for future dividend increases, the Company has potential. I rate CIM a Hold for income investors due to its mixed performance and interest rate sensitivity. Read the full article on Seeking AlphaSeeking Alpha • Oct 14
Chimera: 10% Yield, 2 Dividend Hikes, 29% BV Discount
Summary Chimera Investment Corporation completed a 1-for-3 stock split and benefits from the central bank's push for lower short-term interest rates. CIM raised its dividend twice in 2024, resulting in a leading dividend yield of 9.8%, and covered its dividend well with distributable earnings. Chimera Investment's stock trades at a 29% discount to book value, presenting a high margin of safety for passive income investors. Lower interest rates could further reduce borrowing costs, potentially lifting Chimera Investment's stock price closer to its book value. Read the full article on Seeking Alpha
New Narrative • Sep 15
Navigating Market Volatility And Critical Debt Moves To Fuel Growth And Attract Investors
Aggressive financial strategies including unsecured debt offerings and dividend increases signal confidence in future growth and aim to attract income-focused investors.Seeking Alpha • Aug 13
Chimera Preferreds: Positioning With Consideration For Pace And Extent Of Interest Rate Change
Summary Fed speculation leads to increased market volatility and interest rate reductions. CIM preferred stocks pricing remains stable despite bond market rally. Active monitoring and readiness for interest rate changes can lead to advantageous investment decisions. Read the full article on Seeking AlphaSeeking Alpha • Jul 09
Chimera Investment: Great Value, Extreme Discount To Book
Summary The market currently undervalues Chimera's common stock by an enormous margin, trading it at price-to-book ratios that are far below its peers. The Company’s track record is strong, showing positive EPS in 9 of the last 10 years, and the one exception, 2022, was due to interest rate challenges that are unlikely to recur. Chimera’s loan portfolio is very strong, consisting nearly entirely of residential mortgage loans and related investments. Overall, Chimera’s portfolio experiences very low loss rates, which seem unlikely to increase. CIM is an interest-rate-sensitive stock and suffers some when interest rates rise, which has made recent years challenging. However, near-term Fed rate cuts aren’t necessary for the stock to perform very well. A stable interest rate environment should be enough. Cuts would be a bonus. The likelihood of continuing interest rate increases is low. Most people see the Fed’s hike as complete and are waiting for reductions in interest rates, not increases. Read the full article on Seeking AlphaSeeking Alpha • Jun 24
Chimera Investment: 10% Yield, Dividend Raise, 0.42X BV (Rating Upgrade)
Summary Chimera Investment cut its dividend multiple times since FY 2022 and shrunk its portfolio, leading to a significant decline in book value. The Federal Reserve is nearing a rate cut decision which would benefit mortgage REITs like Chimera Investment. Chimera Investment's recently completed a 1-for-3 reverse stock split and raised its post-split dividend by 6%. CIM is a risky, but potentially rewarding, investment for high-risk tolerant investors, especially considering that the 10% yield is supported by earnings available for distribution. Read the full article on Seeking AlphaSeeking Alpha • May 24
Chimera Investment: Discount To Book Value Is Attractive
Summary Chimera Investment stock is at a 5-year low, but the discount to book value is too wide, making it a cheap investment opportunity. The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance. Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business. Shares are a buy with price target of $15. Read the full article on Seeking AlphaSeeking Alpha • Feb 20
Chimera Investment: Re-Rating Opportunity And A 10% Covered Yield
Summary Chimera Investment Corporation's stock fell to new lows, but its dividend is now well-covered by earnings, making it a compelling risk/reward opportunity. The company's portfolio consists mainly of residential mortgage loans, which provide recurring interest income and have seen a decline in delinquencies. Chimera Investment is selling at a significant discount to book value and has the potential for a stock re-rating in 2024. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Chimera Investment Offers One Fixed And 3 Fixed/Floating Preferreds
Summary Chimera Investment Corporation uses preferred stocks to help finance their mortgage investing business. The company offers multiple preferred stock options for investors to choose from. The preferred stocks of Chimera Investment Corporation are compared and reviewed. With uncertainty with one of the floating, I am giving everything an overall Hold rating but suggested Buy rating actions are listed. Apparently, there is some uncertainty if the B Pfd will float or stayed fixed on its 3/30/24 Call date. An article link about that is provided. Read the full article on Seeking AlphaSeeking Alpha • Dec 14
Chimera Investment: Not Worth Chasing The Yield
Summary Chimera Investment Corporation is a New York REIT focused on residential credit investments, particularly mortgage loans and related securities. CIM operates on a blend of debt and equity to optimize returns and manage risks in a changing market affected by inflation and interest rate hikes. CIM's loan portfolio remains challenged and may only be a good investment for investors with an improving macroeconomic view. Margin headwinds are also anticipated. I conclude CIM is a "hold" at this juncture. Read the full article on Seeking AlphaSeeking Alpha • Oct 02
Chimera: This 16% Yielding Mortgage Trust May Cut Its Dividend Again
Summary Chimera Investment Corporation has lowered its dividend twice in the past year due to lower distributable earnings in a higher-rate environment. The rise in short-term interest rates has made the leveraged mortgage trust model less sustainable, leading to a large contraction in the company's distributable earnings. CIM stock is currently trading at a 52% discount to book value, indicating that passive income investors are pricing in another dividend decrease in the short term. Read the full article on Seeking AlphaSeeking Alpha • Sep 22
The Preferred Share Dilemma Chimera Created For Themselves
Summary Chimera Investment Corporation is considering whether to keep CIM-B as a fixed-rate dividend or allow it to float as originally intended. The company previously stated that the LIBOR rate payable on their preferred shares was already replaced with SOFR by operation of law. The company's financial statements stated unequivocally that series B, C, and D would float. These statements were filed with the SEC a month after SOFR replaced LIBOR. Shareholders who are concerned that the company may attempt to classify CIM-B as a fixed-rate share, despite their prior statements, may want to consider reaching out to the company. Read the full article on Seeking AlphaShareholder Returns
| CIM | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -0.5% | -3.9% | -1.0% |
| 1Y | 0.8% | -3.8% | 23.3% |
Return vs Industry: CIM exceeded the US Mortgage REITs industry which returned -3.8% over the past year.
Return vs Market: CIM underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| CIM volatility | |
|---|---|
| CIM Average Weekly Movement | 3.0% |
| Mortgage REITs Industry Average Movement | 3.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: CIM has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CIM's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 423 | Phillip Kardis | www.chimerareit.com |
Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. It operates in two segments, Investment Portfolio and Residential Origination. The company, through its subsidiaries, invests in, originates, and manages a portfolio of mortgage assets, including residential mortgage loans, non-agency mortgage-backed securities, agency mortgage-backed securities, business purpose loans, investor loans, mortgage servicing rights, and other real estate-related assets.
Chimera Investment Corporation Fundamentals Summary
| CIM fundamental statistics | |
|---|---|
| Market cap | US$1.09b |
| Earnings (TTM) | -US$66.48m |
| Revenue (TTM) | US$214.90m |
5.2x
P/S Ratio-16.7x
P/E RatioIs CIM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CIM income statement (TTM) | |
|---|---|
| Revenue | US$214.90m |
| Cost of Revenue | US$25.83m |
| Gross Profit | US$189.07m |
| Other Expenses | US$255.55m |
| Earnings | -US$66.48m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.79 |
| Gross Margin | 87.98% |
| Net Profit Margin | -30.93% |
| Debt/Equity Ratio | 516.9% |
How did CIM perform over the long term?
See historical performance and comparisonDividends
13.6%
Current Dividend Yield-194%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 21:47 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Chimera Investment Corporation is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Kenneth Bruce | BofA Global Research |
| Eric Hagen | BTIG |