Chimera Investment Corporation (CIM)
Chimera Investment Corporation operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $10.86, down 1.99% on the session, giving a market capitalisation of $908.4M. On trailing twelve-month figures it carries a trailing P/E of -14.52, a net margin of 0.2%. Its beta of 1.75 implies it has historically moved more than the broad market.
Chimera Investment Corporation (CIM) operates as a U.S.-based real estate investment trust (REIT), having elected to be taxed under this specific structure. Through its various subsidiaries, the company primarily focuses on building a diverse portfolio of mortgage-related assets. This encompasses holdings such as residential mortgage loans, both agency-backed and non-agency residential mortgage-backed securities (RMBS), and agency mortgage-backed securities (MBS) that are collateralized by pools of both residential and commercial mortgage loans. Additionally, CIM invests in other financial instruments tied to the real estate sector. Its investment scope further extends to include securities across the credit spectrum, ranging from investment-grade and non-investment-grade classes to non-rated tranches. The firm was established in 2007 and is headquartered in New York, New York.
Chimera Investment Corporation is most often compared with the following Real Estate names: