Stock of the Day

Chimera Investment (CIM)

$13.76

-$0.09 (-0.6%)

Market Cap: $1.12B

About Chimera Investment

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.

It invests in investment grade, non-investment grade, and non-rated classes. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Chimera Investment Corporation was incorporated in 2007 and is headquartered in New York, New York.

Recent News

• Chimera Investment Full Year 2024 Earnings: Misses Expectations (finance.yahoo.com)
• CIM Group Closes $15.6 Million Loan to Ad Astra Capital for Hilton Garden Inn in Casper, WY (businesswire.com)