Chimera Investment's Series B Preferred Stock Shares Cross 11.5% Yield Mark
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2024
0mins
Source: NASDAQ.COM
Stock Performance: Chimera Investment Corp's 8.00% Series B Preferred Stock (CIM.PRB) is down about 0.3%, while the common shares (CIM) are down approximately 0.7% in Wednesday trading.
Dividend History: A chart detailing the historical dividend payments for CIM.PRB is provided, highlighting its status as a cumulative redeemable preferred stock.
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Analyst Views on CIM
Wall Street analysts forecast CIM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CIM is 14.50 USD with a low forecast of 13.00 USD and a high forecast of 15.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 12.960
Low
13.00
Averages
14.50
High
15.50
Current: 12.960
Low
13.00
Averages
14.50
High
15.50
About CIM
Chimera Investment Corporation is a real estate investment trust (REIT). The Company is engaged in the business of investing in a diversified portfolio of mortgage assets for itself and for unrelated third parties through its investment management and advisory services. The assets it may invest in and manage for others include residential mortgage loans, non-agency residential mortgage-backed securities (RMBS), agency RMBS, business purpose loans (BPLs) (including residential transition loans (RTLs)) and investor loans, mortgage servicing rights (MSRs) and other real estate-related assets such as Agency CMBS, junior liens and home equity lines of credit (HELOCs), equity appreciation rights, and reverse mortgages. The MBS and other real estate-related securities it purchases includes investment-grade, non-investment grade, and non-rated securities. The Company is focused on investing in commercial mortgage loans consisting of first or second lien loans secured by multifamily properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Chimera Investment Corp Anticipates 12% Annual Yield Based on Dividend History
- Yield Expectations: Chimera Investment Corp's current anticipated 12% annual yield, based on historical dividend data, reflects the company's profitability fluctuations, which may impact investor confidence and future investment decisions.
- Dividend Uncertainty: While historical data provides some guidance, the unpredictability of dividend amounts necessitates cautious evaluation by investors regarding sustainability, thereby influencing overall investment strategies.
- Market Reaction: Investor responses to Chimera's dividend policy could lead to stock price volatility, particularly in light of changes in profitability, potentially prompting a reevaluation of the stock in the market.
- Investor Focus: With the emergence of nine other dividend stocks, Chimera's dividend performance will become a focal point for investors, potentially affecting its competitive position among dividend-paying stocks.
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