Anyone researching Chimera Investment Corporation (NYSE:CIM) might want to consider the historical volatility of the...
Chimera Investment Corporation (NYSE: CIM) (the "Company") today announced the pricing of an underwritten public offering of $325 million aggregate principal amount of its 7.00% convertible senior notes due 2023 (the "Notes") at an issue price of 100%, plus accrued interest, if any, from April 13, 2020. The offering is expected to close on April 13, 2020 and is subject to customary closing conditions. The Company has granted the underwriter an option to purchase up to an additional $48.75 million aggregate principal amount of the Notes to cover over-allotments.
During this call, we will be making forward-looking statements, which are predictions, projections or other statements about future events. Actual events and results may differ materially from these forward-looking statements.
Volatility in the mortgage market and wider Agency MBS spreads are anticipated to have affected Chimera's (CIM) book value in Q1.
Shareholders in Chimera Investment Corporation (NYSE:CIM) may be thrilled to learn that the analysts have just...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the first quarter ended March 31, 2020. The Company’s GAAP net loss for the first quarter was $(389) million, or $(2.08) per common share. Core earnings(1) for the first quarter was $106 million, or $0.57 per common share.
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. The dividend is payable June 30, 2020 to preferred shareholders of record on June 10, 2020. The ex-dividend date is June 9, 2020.
Chimera Investment Corporation (NYSE: CIM) (the "Company") announced today that it plans to release its financial results for the first quarter ended March 31, 2020 on Wednesday, May 6, 2020 prior to 7:00 a.m. EDT. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, May 6, 2020 at 9:00 a.m. EDT.
In the latest trading session, Chimera Investment (CIM) closed at $7.43, marking a -1.46% move from the previous day.
Chimera (CIM) delivered earnings and revenue surprises of 78.13% and 35.30%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Chimera Investment (NYSE:CIM) rose 1.1% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were flat year over year to $0.57, which beat the estimate of $0.45.Revenue of $158,183,000 higher by 7.29% from the same period last year, which beat the estimate of $132,970,000.Guidance Chimera Investment hasn't issued any earnings guidance for the time being.Chimera Investment hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 06, 2020View more earnings on CIMTime: 03:00 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Fwww.chimerareit.com%2Fwebsites%2Fchimera%2FEnglish%2F5200%2Fevents.html&eventid=2300120&sessionid=1&key=485B8107585FE47CF1D78A3A070F654E®Tag=&sourcepage=registerPrice Action 52-week high: $22.98Company's 52-week low was at $6.42Price action over last quarter: down 64.38%Company Description Chimera Investment Corporation is a real estate investment trust primarily engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. Chimera generates nearly all of its income from interest payments derived from its investments.See more from Benzinga * 6 Real Estate Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Chimera Investment (CIM) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.
Investors need to pay close attention to Chimera Investment (CIM) stock based on the movements in the options market lately.
As every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like...
In the latest trading session, Chimera Investment (CIM) closed at $7.70, marking a -0.9% move from the previous day.
The last couple of months have been a crucible for mortgage real estate investment trusts (mREITs). The COVID-19 crisis has caused extreme volatility in the bond markets, and mortgage-backed securities generally abhor volatility. Every mREIT has a different investment strategy, and pretty much every one has reacted in its own way.
Chimera (CIM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chimera Investment (CIM) closed at $7.33 in the latest trading session, marking a +0.27% move from the prior day.
Q1 2020 Chimera Investment Corp Earnings Call