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Chimera Investment

  • How to Buy a Dollar for 95 Cents

    By Shmulik Karpf - May 2, 2013 | Tickers: AGNC, NLY, CIM

    In a zero percent interest rate environment, hungry-for-yield investors are willing to look into any security which offers them an extra percentage point in dividends. Often times, they are willing to settle for a low quality company just to get the stream of dividends that it offers. Usually, this turns out to be a bad investment decision and the investor ends up regretting his hunger for dividends in the first more »

  • This mREIT Has Red Flags You Can't Ignore

    By Maxwell Fisher - March 14, 2013 | Tickers: AGNC, CIM, IVR

    It is always a red flag when a company delays the publication of its financial statements. Chimera Investment (NYSE: CIM) has not reported its results for all of 2012, and now faces a final deadline from the NYSE, or it risks delisting. This article focuses on the consequences for the company and its investors.

    Final extension from the NYSE

    Chimera announced that it has obtained a final 30-day extension for more »

  • Will These 5 REITs Maintain Their High Dividends?

    By Jordo Bivona - March 7, 2013 | Tickers: AGNC, NLY, ARR, CIM, CYS

    As much of the Fed's quantitative easing strategy, or QE3, has involved placing large amounts of capital into agency mortgage backed securities, what will happen to REITs when this round of quantitative easing ends? In this article, I will discuss why REITs, and particularly Annaly Capital (NYSE: NLY), will still produce strong dividend yields in both the short and the long run.

    While it is likely that most of more »

  • Leon Cooperman's Three Income Picks

    By Anh HOANG - March 7, 2013 | Tickers: APL, CIM, KFN

    Recently, Leon Cooperman, founder and chairman of Omega Advisors, has commented on CNBC’s Squawk Box that equities are still the best place to be in right now. He also mentioned several income stocks that he was currently bullish about, including KKR Financial (NYSE: KFN), Chimera Investment Corporation (NYSE: CIM), and Atlas Pipeline Partners (NYSE: APL). Let’s take a closer look at all three companies to determine whether or more »

  • Best REITs in Business

    By Piyush Arora - February 19, 2013 | Tickers: AGNC, NLY, AMTG, CIM

    According to recent data by the Commerce Department, new home sales in the US are at their 3-year highs, rising by 20% in 2012. Moreover, the sales of pre-owned homes stood at 4.65 million, which is at its 5-year high. In my opinion, we can see continued growth momentum in 2013, especially since the Fed decided to inject $45 billion of additional liquidity every month. Moreover investor sentiment and more »

  • What Are Hedge Funds Buying Right Now?

    By Meena Krishnamsetty - February 14, 2013 | Tickers: ARRS, CIM, JIVE, PHH, WMS

    When hedge funds or other major investors buy enough shares to give themselves 5% ownership of a company, or if they subsequently make significant changes to that position, they must file either a 13D or a 13G with the SEC. This provides a relatively recent take on what a particular fund manager thinks about a particular stock. While the nature of the 5% threshold means that we usually only see more »

  • Billionaire Leon Cooperman’s New High Dividend Pick

    By Meena Krishnamsetty - February 14, 2013 | Tickers: AGNC, NLY, CMO, CIM, MFA

    Omega Advisors, a hedge fund managed by billionaire Leon Cooperman, has reported a position of over 55 million shares in Chimera Investment Corporation (NYSE: CIM) in a 13G filed with the SEC. Omega now owns 5.4% of the outstanding shares of the $3.1 billion market cap company, which invests in mortgage backed securities (including residential MBSs) and other mortgage loans and is organized as a real estate investment more »

  • Avoid This REIT's Financial Restatement Mess

    By Jordo Bivona - December 27, 2012 | Tickers: AGNC, NLY, CMO, CIM

    Chimera Investment (NYSE: CIM) announced that as of Sept. 30, 2012 that its GAAP book value was $3.31 per share, and its economic book value was $2.95 per share. This is compared to its estimated June 30, 2012 GAAP book value of $3.08 per share and economic book value of $2.87 per share. Estimated economic book value considers the fair value of the assets the company more »

  • A Jack of All Trades With an 11% Yield

    By Chad Henage - December 19, 2012 | Tickers: NLY, CIM, HTS, IVR

    In certain businesses, it's better to have flexibility. I'll never forget Peter Lynch saying that this was one of the keys to his investing success was that his fund wasn't tied to one type of investment class. He could take good ideas from growth or value funds and invest where the best opportunity was at the time. This is the way I think of Invesco Mortgage (NYSE: IVRmore »)

  • Why This Dividend Cut Is a Good Thing

    By Chad Henage - December 19, 2012 | Tickers: NLY, CIM, HTS, IVR

    Some investors have adopted a very short-term way of thinking in today's market. I personally prefer companies that are investing in their business for the long-term rather than trying to “buy” short-term profits. This is partially why I own shares in Hatteras Financial Corp. (NYSE: HTS). Hatteras is a mortgage real estate investment trust, but the company specializes in adjustable rate loans instead of the 30 year variety that more »

  • Billionaire Paul Singer’s New Stock Picks

    By Meena Krishnamsetty - December 14, 2012 | Tickers: AGNC, CIM, FTE, NTAP, ENL

    Paul Singer founded Elliott 35 years ago, and the fund’s success over that time- including as it has increased in size- has made him a billionaire and helped Elliott be one of the longest-tenured hedge funds still under the same management. Last month, the fund filed its 13F, disclosing many of the long equity positions it owned at the end of the third quarter of 2012. We have compared more »

  • A Look at David Tepper's Favorite Dividend Picks

    By Dr. Osman Gulseven - December 7, 2012 | Tickers: CIM, HUN, JPM, TWO, WHR

    Appaloosa Management is an employee-owned hedge fund founded by David Tepper in 1993. The New Jersey-based hedge fund employs a fundamental analysis in its investments. It invests in equity, fixed income, and hedging markets. Appaloosa had returned 30% in 2010 and has been awarded the Institutional Hedge Fund Firm of the Year in 2011. Of course there have been periods where Tepper's fund had substantial losses. The fund also more »

  • Which 6 mREITs Can You Profit From?

    By Bill Edson - December 5, 2012 | Tickers: NLY, CIM, CXS, TWO

    Annaly Capital Management (NYSE: NLY), a pioneer mortgage REIT, is looking to diversify its business by offering $840 million for the remaining 88% of CreXus Investment (NYSE: CXS). This bid is being made after the Federal Reserve declared relentless bond buying. The latest round of quantitative easing initiated by Fed, dubbed "QE Infinity," aims to mop up $40 billion of agency mortgage backed securities (MBS) every month and in doing more »

  • Billionaire Activist Investor Paul Singer and His New Dividend Picks

    By Meena Krishnamsetty - December 4, 2012 | Tickers: AGNC, CIM, FTE, ENL, TI

    Billionaire Paul Singer founded Elliott Associates in 1977 and manages over $15 billion in assets. Singer has a JD from Harvard and spent time at various corporate law firms and the investment bank DLJ before founding Elliott. Singer employs an activist approach to investing, establishing large positions to turn around distressed and underperforming companies. The hedge fund manager has made some key moves as of late (see all of Singer more »

  • Dividend Bonanza or Dividend Bust?

    By Chris Hodge - November 21, 2012 | Tickers: CMO, CIM, MGIC, MSB

    Dividends are one of my favorite parts of investing. While I have no idea when the "right" time is to buy and sell, I know that a regular dividend will theoretically keep paying me for a long time. While there's no guarantee of a dividend, when there's a fairly long past history and a solid business model in place with ample profits, the likelihood is reasonable.

    I think more »

  • Dividend Watch: The Problem with Mortgage REITs

    By Reuben Brewer - November 21, 2012 | Tickers: NLY, ANH, CIM

    One niche area of the real estate investment trust (REIT) space that has been getting particular attention of late is mortgage REITs. The impressive yields these companies offer are the clear reason for this focus, as it is hard to find 10% yields anywhere else in the market. That said, these companies have a habit of cutting their dividends. This is not the type of investment that you want to more »

  • Should You Buy Annaly Capital Management?

    By Meena Krishnamsetty - October 19, 2012 | Tickers: NLY, CMO, CIM, RWT, TWO

    A 12.8% dividend yield! That’s the most obvious appeal at Annaly Capital Management (NYSE: NLY), a real estate investment trust that manages investment securities (most notably mortgage-backed securities). With three quarters of the year in the books, the company has paid $1.60 per share in dividends in comparison to the current stock price of just under $16. Its dividend payments have declined in the past few years more »

  • Is This REIT a Good Contrarian Play at the Moment?

    By Meena Krishnamsetty - October 12, 2012 | Tickers: NLY, CMO, CIM, HTS, TWO

    Annaly Capital Management (NYSE: NLY) is one of the most loved REITs, paying a dividend that yields 12.2% and boasting a market cap of $15 billion. Being an owner, manager, and financer of various real estate related investments, Annaly has navigated the tough real estate market relatively well, being down only 9% since 2008, versus the S&P 500’s 3% decline over this time period.

    However, Morgan Stanley more »

  • QE3 Bonanza : The Way to Play It

    By Piyush Arora - October 11, 2012 | Tickers: NLY, ARR, CIM

    QE3 is not only meant to bring the financial system back to health, but also to kick up both domestic and commercial infrastructural spending. The Federal Reserve Bank will be buying $40 billion worth of mortgage backed securities every month, for 12 months. Additionally the Fed also announced that the interest rates would be kept low at least until 2015.

    Recently Freddie Mac announced that the interest rate in a more »

  • Trading Annaly on QE3 Pressures

    By Douglas Ehrman - October 9, 2012 | Tickers: AGNC, NLY, CIM, IVR

    As with any investment vehicle that is tied to the fixed income market, the forces that impact Annaly Capital Management (NYSE: NLY) are often complex and contradictory. The most basic relationship in fixed income is the inverse one that exists between yield and price: When prices rise, yields fall and vice versa, which means that timing is of critical importance in the construction of a fixed income portfolio. Because it more »

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